U.S. Inflation Cools, Consumer Spending Slows, Economy Faces Slowdown
TL;DR
In May, U.S. inflation and consumer spending growth both slowed down, indicating a cooling economy.
- U.S. Inflation, Consumer Spending Growth Cooled in May The Wall Street Journal
- An inflation gauge tracked by the Federal Reserve falls to its lowest point in 2 years Yahoo Finance
- Consumer spending, the main engine of the U.S. economy, slows due to cheaper gas and fewer car sales MarketWatch
- Bond Yields Fall After Fed Inflation Gauge Ticks Lower The Wall Street Journal
- US Consumers Lose Steam, Setting Economy Up for Sharp Slowdown Yahoo Finance
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