US consumer spending failed to match predictions rising only 0.2 percent for the month of September. During the same month, incomes fell by 0.1 percent.
Ã¢â‚¬Å“The quarter ended on a softer note,Ã¢â‚¬Â said Michael Feroli, chief U.S. economist at JPMorgan Chase & Co. in New York. The report Ã¢â‚¬Å“reinforces the case for the Fed to act this week. ItÃ¢â‚¬â„¢s getting harder and harder to argue inflation is near where the Fed wants it to be.Ã¢â‚¬Â
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