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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.