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Spending Report to Detail How Consumers Are Handling Inflation, Rising Interest Rates
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A government report on late-summer consumer spending will show how Americans are coping with high inflation and steeper borrowing costs.
The Commerce Department is due to release August personal-income and spending figures at 8:30 a.m. Eastern time Friday. The report covers spending on goods and services and includes an update on U.S. inflation, which is holding close to the highest level in four decades.
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