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Byline: JED GRAHAM
Inflation-adjusted consumer spending grew for the first time this year in March as wages rose at the best pace in seven months, the Commerce Department said Monday.
Real spending rose 0.1% last month after falling 0.4% in February. Unadjusted for the energy-led price gains in the first quarter, spending rose 0.4% in March, less than views, and 0.1% in February.
Meanwhile, wages rose 0.4% from February, the best since August, despite the weak job market.
The data show that despite war and oil, income and spending trends not only didn't collapse, but they also improved as the quarter wore on. With oil down sharply the past …