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Consumer Spending Likely Grew Faster in June as Inflation Stayed High, Economists Say
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U.S. households’ spending likely rose much faster in June to keep up with climbing prices, economists said.
Consumers are estimated to have boosted their seasonally adjusted spending by 0.9% in June, up from a 0.2% increase in May, according to economists surveyed by The Wall Street Journal. The Commerce Department will release its monthly report on personal consumption and income on Friday morning.
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