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Consumer spending declined 7.5 percent in March, the US Commerce Department reported Thursday. It was the sharpest monthly drop since 1959. Consumer spending represents about two-thirds of the US economy and the drop pulled the economy down.
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Country regarded as good long-term investment
Consulting firm McKinsey & Company warned in its report that the Fed's interest hikes will likely trigger a rate hike competition among countries, which will squeeze banks' liquidity and undermine their capital position.
来源：资阳报