U.S. consumers likely boosted spending in October, helping to power the broader economic recovery as businesses step up investment
Economists surveyed by The Wall Street Journal estimated that consumer spending rose 1% in October from a month earlier and that personal incomes edged up 0.2% last month.
The Commerce Department’s report on October personal income and spending is scheduled to be published at 10 a.m. Eastern time on Wednesday. It includes a key reading on inflation, the personal consumption expenditures price index.
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