The Wall Street Journal
American consumers reined in their spending in August, taking a breather after very strong sales growth in July.
Sales at retail stores and restaurants rose 0.1% from the prior month to a seasonally adjusted $509 billion in August, the Commerce Department said Friday.
That was well below the 0.4% increase economists surveyed by The Wall Street Journal had expected. Compared with August a year earlier, sales grew 6.6%. . . . more