Tag Archives: inflation

WASHINGTON (Reuters) – US consumer spending rebounded in the largest amount on record in May, but earnings are unlikely to be sustainable as revenue will decline and is expected to further decrease as Millions lose their unemployment checks starting next month. The Commerce Department report on Friday added increases in …

(Add report details) By Lucia Mutikani WASHINGTON, June 26 (Reuters) – US consumer spending rebounded by the largest amount on record in May, but earnings are unlikely to be sustainable as revenue will decline and is expected to decline further. more as millions lose their unemployment checks starting next month. …