Bloomberg's Michelle Jamrisko looks at the consumer spending numbers for the month of September, which increased by a slim 0.1%--the smallest gain since January--though economists had forecasted 0.4% growth.
While increases for the month were less than forecast, consumer spending for the quarter exceeded the average for the past five years. This was one of the bright points observed in Bloomberg's reports:
Stable job growth in 2015 and cheaper prices at the pump have helped cushion Americans’ pocketbooks, supporting household spending. While payrolls advanced at a slower pace than forecast in August and September, employment this year has averaged increased by 198,000 a month on average, beating seven of the 10 years through 2014.
For more, head over to Bloomberg: