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US consumer spending edges higher in June

Shoppers walk along Lexington Avenue on April 29, 2015 in New York CityUS consumer spending edged higher in June, capping a rebound in the second quarter from weak growth in the first months of the year, the Commerce Department reported Monday. Consumer spending, which accounts for about 70 percent of US economic activity, rose 0.2 percent in June after a 0.7 percent gain in May and a 0.3 percent increase in April, the department said.

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