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12.04 - 20:43
Consumer Spending Rose as Omicron Wave Ebbed, Economists Say
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Americans boosted their spending at a cooler pace last month, as the Omicron surge of Covid-19 eased, but inflation remained high amid Russia’s invasion of Ukraine, economists estimated.
Economists surveyed by The Wall Street Journal expect the Commerce Department to report Thursday that consumer spending rose at a seasonally adjusted 0.5% in February from the month before, down from 2.1% in January. The department is also set to release fresh data on personal income and inflation.
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