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Consumer Spending Rose Strongly In January, Reports Mastercard


The monthly advance retail sales report for the US is due out Wednesday, Feb. 17, but in the meantime, we have a report from Mastercard that indicates strong growth in January, normally a retrenchment month for consumer spending. Mastercard reported overall retail sales through its cardholders, excluding automobiles and gasoline, rose 9.2% year-over-year this January….

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