Consumer Spending Gains Likely Cooled in May, Economists Say

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Family spending could also be operating out of momentum, economists say, as People face the very best inflation in 4 many years and incomes that haven’t stored up with value will increase.

U.S. shoppers are estimated to have boosted their seasonally adjusted spending by 0.4% in Might, a slowdown from the 0.9% increase in April, in response to economists surveyed by The Wall Avenue Journal. The Commerce Division will launch its Might personal-consumption expenditures report on Thursday at 8:30am ET.

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