Economic news

U.S. consumers expenditure softens in October

U.S. consumer spending lost steam in October as the hurricane-related rise in motor vehicle sales dissolved.

Consumer spending increased 0.3 percent last month after jumping 0.9 percent in September, the Commerce Department reported.

The fresh figures firmed anticipations that the Federal Reserve will increase interest rates in December. The regulator has increased interest charges twice this year.


To leave a comment you must or Join us


More news


Back to economic news list

By visiting our website and services, you agree to the conditions of use of cookies. Learn more
I agree