US Consumer Spending and Inflation Show Signs of Cooling in April
TL;DR Summary
US consumer spending grew slightly in April, with households increasing savings amid economic uncertainty and muted inflation, while a significant reduction in the goods trade deficit helped support economic activity. Inflation remained benign, and trade tensions and tariffs continue to influence economic outlooks.
- US consumer spending slows in April; inflation benign Reuters
- Inflation rate slipped to 2.1% in April, lower than expected, Fed’s preferred gauge shows CNBC
- Consumer spending slows as Americans pull back amid tariff uncertainty The Washington Post
- PCE Inflation Stayed Subdued in April Amid Trump’s Tariff Limbo The New York Times
- US Consumer Spending Growth Slows While Inflation Remains Soft Bloomberg.com
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