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US Consumer Spending Ticked Up in January as Incomes Soared

Americans lifted their spending just 0.2 percent in January, while their incomes jumped because of last year's tax cuts. The Commerce Department said Thursday that the modest spending increase followed gains of 0.4 percent in December and 0.8 percent in November. Incomes rose 0.4 percent, boosted by $30 billion in tax cut-related bonuses the government estimates were paid out in January. After-tax income jumped 0.9 percent, the most in a year, lifted by the Trump...

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