US consumers increase spending a modest 0.4 percent in May

Consumer spending increased 0.4 percent in May, a modest gain that suggests Americans remain confident enough about the economy's outlook to keep shopping. The Commerce Department said that incomes rose 0.5 percent and inflation remained tame, increasing just 1.5 percent in the past year. Still, there were signs that core prices, which exclude food and energy, ...

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US consumers increase spending a modest 0.4 percent in May

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