U.S. consumer spending rebounded in October, suggesting some resilience in the economy at the start of the fourth quarter. The Commerce Department said on Wednesday consumer spending increased 0.2 percent last month after being flat in September. Consumer spending, which makes up more than two-thirds of U.S. economic activity, was previously reported to have declined 0.2 percent in September. Economists polled by Reuters had forecast consumer spending rising 0.3 percent last month. When adjusted for inflation, consumer spending also rose 0.2 percent after being flat in September. Extremely low gasoline prices as well ... (full story)