US consumer spending jumps in March; inflation remains tame ~ AJJ News

Tuesday 30 April 2019

US consumer spending jumps in March; inflation remains tame

April 30, 2019

American consumer spending leapt last month to post the biggest gain in 10 years, recovering from a weak start to 2019, while inflation remained tame, according to government data released Monday. The strong finish to the third quarter comes a day before the Federal Reserve is due to meet, with markets overwhelmingly expecting the central bank to leave interest rates untouched. The latest figures confirm the picture of steady economic growth in the first quarter that were released Friday in the Commerce Department's GDP report.