Ahead of US midterms, luxury spending falls for third month. What it says about consumers

Luxury spending in the US fell 6% in September, its third straight monthly decline, as weaker consumer confidence, persistent inflation and a cooling jobs market raise questions about the health of American households ahead of the November midtermsUS luxury spending fell for a third consecutive month in September, offering another sign that American consumers are becoming more cautious as the country heads towards the November 3 midterm elections.