Consumer spending rose 0.6 in November after a 1.4% gain in the prior month, the government said Thursday.
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Inflation as measured by the Fed’s favorite personal consumption expenditure index, likely accelerated in November to the highest level in a generation, according to economists surveyed by The Wall Street Journal. The report, which includes data on consumer spending and income will be released at 8:30 a.m. Eastern by the Commerce Department.
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