Consumers log stronger-than-expected spending rise

Consumers log stronger-than-expected spending rise
Consumers got back in the buying mood in October as their incomes grew modestly, an encouraging sign for the budding economic recovery.

Fed is expected to leave rates at record low
The Federal Reserve is expected to leave interest rates at a record low this week, aiming to induce consumers and businesses to borrow and spend and bolster the economic recovery.

Consumers slash borrowing by record amount
Consumers slashed their borrowing in July by the largest amount on record as job losses and uncertainty about the economic recovery prompted Americans to rein in their debt.

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