Consumer Spending Likely Grew Faster in June as Inflation Stayed High Economists Say

Consumer Spending Likely Grew Faster in June as Inflation Stayed High Economists Say

Summary : U.S. households’ spending likely rose much faster in June to keep up with climbing prices, economists said.

Consumers are estimated to have boosted their seasonally adjusted spending by 0.9% in June, up from a 0.2% increase in May, according to economists surveyed by The Wall Street Journal. The Commerce Department will release its monthly report on personal consumption and income on Friday morning.

<<<<<<<<

Comments

No comments yet. Why don’t you start the discussion?

Leave a Reply

Your email address will not be published. Required fields are marked *