US Consumers Boost Spending 1% as Inflation Remains High

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Americans spent more last month boosting an economic recovery that's now facing new virus risks the commerce department says consumer spending jumped by one percent in June more evidence consumers are driving the recovery throughout the pandemic Americans have spent on physical goods while hunkered down now they're shifting to spending on services like hair cuts and restaurants such spending rose one point two percent last month the raging delta variant is clouding economic prospects and economists have another fear one inflation barometer the fed closely tracks surged three and a half percent last month from a year earlier the fastest such twelve month surge in thirty years Sager made Ghani Washington

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