Fed's Moskow -Rise in personal debt levels no worry

Newswire

NEW YORK, Oct 28 (Reuters) - Chicago Federal Reserve President Michael Moskow said on Monday that U.S. consumer spending is mixed but the rise in personal debt levels is not a cause for alarm. He noted that while the pace of auto sales is slowing, they have been running at very high levels recently. As for the sharp 5.9 percent drop in durable goods orders in September, Moskow cautioned that: "It's a volatile series," adding that there had been a big upswing in July and a small decline ...

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