Home → News
Latest

Consumer spending is weak in May, but so is inflation

  • June 30, 2017
  • realestatelife

Americans barely increased spending in May and choose to save more money instead even as decelerating inflation gave them more bang for the buck. Consumer spending rose 0.1% last month after back-to-back 0.4% gains in April and March, the Commerce Department reported Friday. That matched the Market watch forecast of economists.

Subscribe to Newsletter

Get weekly updates on mortgage rates, finance, lending and real estate.