DUBAI/WAM The UAE Year of Community 2025 has come to a close, successfully concluding its …
Read More »US consumer spending firm, inflation slows
Bloomberg US consumers spent at a solid pace in July while the key PCE index of inflation slowed, the Commerce Department reported on Monday. Consumer spending rose by 0.3 percent from June, with the gain underpinned mainly by automobile purchases while spending on non-durable goods and services declined. That followed an 0.4 percent gain in June, suggesting the consumer …
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