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Consumer spending falls in September, incomes flat

Consumer spending plunged in September by the largest amount in nine months, reflecting the end of the government's Cash for Clunkers auto sales program. Incomes, the fuel for future spending, were flat.

 

U.S. Consumer Spending Jumps; Jobless Claims Up

Propelled by the auto rebate program, consumer spending rose sharply in August, but personal incomes lagged.

 

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