US Economy Advances Continued in July, August

The U.S. central bank says the country’s economy showed “modest to moderate” improvement in the last two months, with Americans buying more cars and housing-related products.

The Federal Reserve, in reports from its 12 regional banks, said Wednesday that consumer spending increased across most of the country from early July through late August.  In the U.S., household spending is an important economic barometer, accounting for about 70 percent of the national economy.

The …

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