Consumer Spending Tumbles At Fastest Rate Since October 2009

Goodbye GDP hopes… Consumer Spending tumbled 0.2% against expectations of growing 0.1%, dropping at the fastest pace since October 2009. This is the biggest miss since Jan 2014 – in the middle of the PolarVortex… did it snow in October?

 

 

Chart: Bloomberg




via Zero Hedge http://ift.tt/1paLyoL Tyler Durden

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