U.S. CONSUMER SPENDING WENT DOWN BY 0.4% IN NOVEMBER

Highlights

• According to the U.S. Commerce Department report released on Wednesday, this slump in consumer spending in the November comes after a gain of 0.3 percent in October

• Last time consumer spending went down was in the month of April, when the fall was 12.7 percent at the time of lockdown

• As per the Labor Department report, new jobless claims came in at 803,000 for the week ended on Dece....