Signs Of Economic Slowdown: Consumer Spending Moderated, Prices Ticked Lower In May

Growth in spending by consumers slowed in May, according to the latest data from the Commerce Dept.’s Bureau of Economic Analysis. Growth of real personal consumption expenditures fell 0.4% month-over-month in May, down from revised growth of 0.3% in April and May. In current dollars, PCE rose 0.2%, compared with 0.6% growth in April and…