U.S. consumer spending slows in January; income surges
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WASHINGTON (Reuters) - U.S. consumer spending rose less than expected in January, a loss of momentum that could be exacerbated by the rapidly spreading coronavirus, which has triggered a sharp stock market sell-off and revived fears of a recession.Other data on Friday showed the goods trade deficit contracted sharply in January, with both imports and exports declining. While the narrowing goods trade deficit could be a boost to the calculation of gross domestic product, a lot depends on how the..