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US consumer spending rose a moderate 1.4% in September - Black News Channel

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By MARTIN CRUTSINGER AP Economics Writer WASHINGTON (AP) — U.S. consumers increased their spending by 1.4% in September, a modest gain but far less than the big increases of late spring, adding to concerns that Americans remain cautious with the viral pandemic resurging across the country and impeding the economy. The September gain marked the fifth straight monthly increase in consumer spending, the primary driver of the U.S. economy, since the virus erupted in early spring and flattened the economy. But the recent slight increases reflect an economy weakened by the virus and by the failure of Congress to provide […]

The post US consumer spending rose a moderate 1.4% in September appeared first on Black News Channel.

Source: Black News Channel - Black News Channel
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