Consumer spending slows in September
(AP):
AP – Consumers, battered by a steep downturn in housing and a severe credit crunch, slowed spending growth in September to the weakest performance in three months.
But in actuality, spending *grew* in September by 0.3%; the *rate* of growth is what dropped, since spending grew by 0.4% in the previous month. The article later mentions that inflation was up only 0.2% for September, that the previous week’s new unemployment claims dropped more than were expected, at that the rate of growth of the economy for the July-September quarter was 3.9%, stronger than expected.
So, lots of good news, and the headline focuses where?