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Economic Report: Inflation soars, spending softens in November

Consumer spending rose 0.6 in November after a 1.4% gain in the prior month, the government said Thursday. Read More...

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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