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Weak U.S. data clouds December rate hike possibility
October 30, 2015 by publisher · Leave a Comment
U.S. consumer spending in September recorded its smallest gain in eight months as personal income barely rose, suggesting some cooling in domestic demand after recent hefty increases. The Commerce Department data and another report from the Labor Department on Friday also showed weak inflationary pressures, which would argue against the Federal Reserve raising interest rates at the end of the year
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Weak U.S. data clouds December rate hike possibility