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