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Consumer spending edges up 0.1% in August

By Melissa Quinn
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Consumer spending edges up 0.1% in August

Consumer spending, a key driver of the U.S. economy, grew modestly in August amid the protracted trade war with China and slowing of the global economy.

Data from the Commerce Department released Friday showed American household spending inched up 0.1%, or $20.1 billion, last month, the smallest increase in six months.

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Commerce Department Consumers Trade