US consumer spending rebounded in August, but aggressive interest rate hikes from the Federal Reserve as it battles stubbornly high inflation are slowing demand, which could limit an anticipated rebound in economic activity this quarter. Households got a reprieve from a drop in gasoline prices, freeing up cash to spend on goods, travel and dining out.from US News Headlines, Latest USA News, US news live on Times of India https://ift.tt/TwBmlRx
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