Consumer spending rises a bit, but incomes stagnant

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U.S. consumers in February spent as expected even though their incomes didn’t budge amid high joblessness, while inflation stayed benign.

Personal income was flat compared to the prior month, the Commerce Department said Monday. Private wages and salaries posted a small increase of $2 billion, but proprietors’ income fell.

Full story: Consumer Spending Rises a Bit, but Incomes Stagnant –