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U.S. consumer spending loses steam

Video Credit: Reuters Studio
Published on September 16, 2020 - Duration: 01:16s

U.S. consumer spending loses steam

U.S. consumer spending slowed in August, with a key retail sales gauge unexpectedly declining, as extended unemployment benefits were cut for millions of Americans, offering more evidence that the economic recovery from the COVID-19 recession was faltering.

Fred Katayama reports.

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