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U.S. incomes rise in February while inflation remains low

US consumer incomes and spending gained for the second straight month in February, while inflation pressure remained subdued, the Commerce Department reported Friday. In a suggestion that the frigid winter storms that battered the country in December-February did not completely repress economic activity, consumer spending rose 0.3 percent on an…

Manufacturing and consumer spending data point to improving economy

By Lucia Mutikani WASHINGTON (Reuters) – U.S. factory activity rebounded from an eight-month low in February and consumer spending rose more than expected in January, suggesting the economy was regaining some strength after a recent slowdown. The signs of momentum were also evident in other reports on Monday that showed…