(Bloomberg) -- Consumer spending in the U.S. rose
less than forecast in May and the Federal Reserve's preferred
inflation gauge cooled, a sign moderating growth is restraining
price pressures.
The 0.5 percent rise in spending matched the gain in April,
the Commerce Department said today in Washington. Core prices,
which exclude food and fuel costs, rose at the slowest pace since
March 2004 in the year ended May.
Read more at Bloomberg Currencies News
less than forecast in May and the Federal Reserve's preferred
inflation gauge cooled, a sign moderating growth is restraining
price pressures.
The 0.5 percent rise in spending matched the gain in April,
the Commerce Department said today in Washington. Core prices,
which exclude food and fuel costs, rose at the slowest pace since
March 2004 in the year ended May.
Read more at Bloomberg Currencies News
No comments:
Post a Comment