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The Federal Reserve cut interest rates on Wednesday for the first time this year, a move that could provide some relief for Americans from the higher cost of living. But there is a deepening inequality among households in the United States.
Consumer spending, which is a crucial part of the US economy, accounting for about two-thirds of its growth remains robust: Sales were up a strong 0.6% in August, a month when spending was expected to be somewhat lackluster. #CNN #News
