US consumer spending weak in May, while inflation speeds up

U.S consumers increased their spending just 0.2 percent in May, a disappointing result after two months of much stronger gains. Meanwhile, inflation — as measured by a gauge monitored by the Federal Reserve — rose 2.3 percent for the 12 months ending in May, the fastest reading in six years. The Commerce Department said Friday that ...

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US consumer spending weak in May, while inflation speeds up

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