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Durable goods orders drop 1.3% in November, consumer spending up 0.4%

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Three economic indicators out today show more stagnation and uncertainty about the direction of the national economy.  Consumer spending rose in November by 0.4%, not as good as October’s 0.7%, and under the consensus estimate of 0.5%: Consumer spending rose for a fifth straight month in November and incomes rose slightly more than expected, government [...]

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