Without accounting for inflation, spending was flat
By Josh Mitchell
Updated May 1, 2017 5:30 p.m. ET
WASHINGTON—Americans’ spending grew steadily in March after accounting for inflation, positioning the economy to rebound from another winter slowdown.
But consumer prices fell, a sign of underlying weakness that could give the Federal Reserve pause as it considers further increases in its benchmark interest rate.
Personal consumption, a measure of what households spent on everything from groceries to dental care, rose 0.3% after inflation, the Commerce Department said Monday. That followed two months of declines.
Without accounting for inflation, spending was flat.
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