Economics
U.S. Economy Cools on Consumer Spending, Equipment Orders
- Bookings for capital goods lean on global growth concerns
- August gain in monthly core prices also trails projections
Photographer: Patrick T. Fallon/Bloomberg
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The U.S. economy cooled in August as Americans spent less than projected and companies cut capital-equipment orders, with below-forecast prices and lukewarm consumer sentiment adding to concerns that may support the case for further Federal Reserve easing.