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US consumer spending up a modest 0.6% with inflation high

By MARTIN CRUTSINGER WASHINGTON (AP) — American consumers slowed their spending to a gain of just 0.6% in September, a cautionary sign for an economy that remains in the grip of a pandemic and a prolonged bout of high inflation. At the same time, a key inflation barometer that's closely followed by the Federal Reserve surged 4.4% last month from a year earlier — the fastest such increase in three decades.

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