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American consumer spending roared to life in September, growing by 0.4% since August and beating economist expectations.

Prices cool and the latest from tax land

The Bureau of Labor Statistics reported another solid looking inflation report this morning.

The Consumer Price Index increased by 0.2% in the month of August, and annual inflation sits at 2.5%. This is awfully close to the Federal Reserve’s target inflation range of about 2%, and the report all but assures the Fed will cut rates next week.

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