MUSCAT / WAM The latest data released by the Statistical Centre for the Cooperation Council ...
Read More »US consumer spending cools, inflation tops Fed goal
Bloomberg US consumer spending rose less than forecast in May as outlays on services fell and Americans saved more of their incomes. Inflation topped the Federal Reserve’s goal by more than expected. Purchases rose 0.2 percent from April after a 0.5 percent advance that was less than previously estimated, Commerce Department figures showed. The Bloomberg survey median called for a ...
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