U.S. consumer spending rises modestly, inflation cools

2017-06-30T06:37:33-07:00

Yahoo Finance - Reuters - 6/30/2017 - Jason Lange - WASHINGTON (Reuters) - U.S. consumer spending rose modestly in May and inflation cooled, pointing to a slow-but-steady economic expansion that could still lead the Federal Reserve to raise interest rates by the end of the year. Consumer spending, which accounts for more than two-thirds of U.S. economic activity, rose 0.1 percent last month, the Commerce Department said on Friday. Consumer prices excluding food and energy rose 1.4 percent on a yearly basis, compared to a 1.5 percent gain in April. Read more @ https://finance.yahoo.com/news/u-consum ... 52797.html

Statistics: Posted by McFurd — Fri Jun 30, 2017 7:37 am

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U.S. consumer spending rises modestly, inflation cools