【U.S. Consumer Spending Steady Growth, Economy Remains Strong】Golden Finance reports that U.S. consumer spending grew steadily in October, indicating that the economy maintains a strong growth pace at the beginning of the fourth quarter, although progress in reducing inflation over the past few months seems to have stalled. Data released by the U.S. Department of Commerce on Wednesday showed that consumer spending, which accounts for more than two-thirds of U.S. economic activity, rose by 0.4% last month, while the increase for September was revised up to 0.6%. The low unemployment rate has largely supported consumption, and the rebound in the stock market and strong household balance sheets due to high housing prices have also played an additional role. Moreover, household savings remain high. Economists generally expect that despite prices remaining elevated, the holiday shopping season will perform quite well.