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VOL. 43 | NO. 26 | Friday, June 28, 2019

US consumers increase spending a modest 0.4% in May

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WASHINGTON (AP) — Consumer spending increased 0.4% in May, a modest gain that suggests Americans remain cautious about their finances.

The Commerce Department said Friday that incomes rose 0.5% and inflation remained tame, increasing just 1.5% in the past year. That's far below the Federal Reserve's target of 2%.

The report comes after a measure of consumer confidence slipped Tuesday. Spending grew last month at its slowest pace since February, a trend that could hold back the broader economy.

The tame inflation reading may make it more likely that the Fed will lift short-term interest rates in the coming months. Fed officials have cited the pace of inflation as a key gauge they are watching as they consider changes to their interest rate policies.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 0 0 0
MORTGAGES 0 0 0
FORECLOSURE NOTICES 0 0 0
BUILDING PERMITS 0 0 0
BANKRUPTCIES 0 0 0
BUSINESS LICENSES 0 0 0
UTILITY CONNECTIONS 0 0 0
MARRIAGE LICENSES 0 0 0