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US Consumers' Spending Increases 1 Percent Despite High Inflation
August 1st, 2021 - 09:00 GMT

US Consumers' Spending Increases 1 Percent Despite High Inflation

American consumers increased their spending by 1% in June — a dose of energy for an economy that is quickly rebounding from the pandemic recession but is facing new risks led by the delta variant of the coronavirus. At the same time, a key inflation barometer that is closely followed by the Federal Reserve surged 3.5% last month from a year earlier. That was the fastest such 12-month surge since ...
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