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U.S. data points to moderate fourth-quarter growth
November 25, 2015 by creative · Leave a Comment
By Lucia Mutikani WASHINGTON (Reuters) – U.S. consumer spending barely rose in October as households took advantage of rising incomes to boost savings to their highest level in nearly three years, pointing to moderate economic growth in the fourth quarter. Anemic consumer spending did little do change expectations that the Federal Reserve will raise interest rates next month as other data on Wednesday showed a surge in business…