After opening decisively higher on a surge in Amazon, as well as Intel, news that Israel is moving ever closer to a ground invasion of Gaza knocked the wind out of Wall Street.
The core personal consumption expenditures price index, which strips out the volatile food and energy components, rose 0.3 per cent in September, according to the Bureau of Economic Analysis. Inflation-adjusted consumer spending jumped 0.4 per cent last month.Resilient household demand paired with a pickup in inflation underscores momentum heading into the fourth quarter.
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