Business news for Sat, 22 Dec 2007 & with words inflation+recession. 2 news.

Personal consumption climbed by 1.1% in November, a sign the economy might not be as weak as feared, while the key core PCE gauge of inflation rose 2.2%, above the Fed's comfort zone.

Americans spent at their fastest pace in two years in November, the Commerce Department said Friday, easing concerns about a near-term recession.