Economics
Americans Need Fuel-Cost Rescue as Spending Falls: Economy
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The drop in fuel prices couldn’t have come at a better time for the U.S. economy.
Consumer spending unexpectedly dropped 0.2 percent in September, weaker than any economist projected in a Bloomberg survey, after rising 0.5 percent in August, according to Commerce Department data issued today in Washington. The report also showed incomes rose at a slower pace last month.