2015-08-28reuters.com

``The Commerce Department said on Friday consumer spending increased 0.3 percent after an upwardly revised 0.3 percent rise in June. Consumer spending, which accounts for more than two-thirds of U.S. economic activity, was previously reported to have gained 0.2 percent in June.'' -- Of course inflation being "muted", upon which these figures depend, is pretty much a joke. Here's the ZeroHedge counter-spin version of this news.



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