economic activity

Higher Gas Costs Push U.S. Consumer Spending Up

Americans boosted their spending in August even though their income barely grew. Much of the spending increase went to pay higher gas prices, which may have forced consumers to cut back elsewhere.

U.S. Consumer Confidence Jumps to 7-Month High

The Conference Board says U.S. consumer confidence jumped this month to the highest level since February, bolstered by a brighter hiring outlook. The Consumer Confidence Index rose to 70.3. That's up from 61.3 in August, which was revised higher.