Strong consumer spending vs. weak business investment: What really matters for the US economy

Strong consumer spending vs. weak business investment: What really matters for the US economy

A trader works ahead of the closing bell on the floor of the New York Stock Exchange, June 19, 2019 in New York City.
Drew Angerer | Getty Images

U.S. consumer spending, the biggest part of the economy, saved the day for the record-long expansion, but a big decline in business investments raised concerns about how much longer it can last.
Personal consumption expenditures rose 4.3% in the second…

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