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SAN FRANCISCO–(BUSINESS WIRE)–Visa (NYSE: V) today announced that the U.S. Spending Momentum Index (SMI) was 108.5 in September (seasonally adjusted), down 1.1 points from August. With the SMI reading still above 100, this signals that more consumers are still spending more than they did a year ago. By category, the SMI for discretionary purchases fell 0.8 points from the previous month to 105.0. The SMI for non-discretionary purchases fell 0.5 points to 99.6, marking a contraction in spendin
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