Consumers pulled back on spending in May, but inflation stayed in check

By: U.S. consumer spending declined in May by the most since the start of the year, indicating elevated uncertainty around the Trump administration’s economic policies is increasingly weighing on the outlook for growth.Personal consumption expenditures fell 0.3% after adjusting for inflation, according to Bureau of Economic Analysis figures published Friday. The Federal Reserve’s preferred inflation…

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Fewer Americans sought unemployment benefits last week as layoffs remain low

The number of Americans applying for unemployment benefits dropped last week, the Labor Department said Thursday, a sign that companies aren’t cutting many jobs. The number of Americans applying for unemployment benefits dropped last week, the Labor Department said Thursday, a sign that companies aren’t cutting many jobs. See the entire article on Arizona’s unemployment,…

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