Nominal spending was held down by a 0.4% energy-induced...

Nominal spending was held down by a 0.4% energy-induced plunge in the PCE deflator, so real spending rose a hefty 0.7%. A rebound in auto sales after the awful October was largely responsible for this.

Ian Shepherdson Quote About Auto, Awful, Held, Largely, October: Nominal Spending Was Held Down...

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