Fatter Paychecks Set to Perk Up U.S. Growth as Consumer Rebounds

[McFurd]

Bloomberg - 4/28/2017 - Michelle Jamrisko and Patricia Laya - Weak consumer spending slowed the U.S. expansion to a crawl in the first quarter, a setback economists view as temporary as wage gains buttress household confidence. Americans spent at the slowest pace since 2009, while a pickup in inflation ate into their income growth, the Commerce Department’s gross domestic product data showed Friday. But a separate report offered a sign that compensation could be perking up amid healthier overall demand, with wages and salaries rising at the fastest pace in almost nine years. Read more @ https://www.bloomberg.com/news/articles ... r-rebounds