May consumer spending flat, weakest in almost year

Please feel welcome to join in on these informative ongoing discussions about trading futures and commodities.

The Trading Forum is intended for the open discussion of commodities trading. The management of this Forum does not agree or disagree with the ideas exchanged, and does not exert editorial control over the message posted herein. Read and post at your own risk. The risk of loss in trading or commodities can be substantial. We discourage the use of this Forum to promote trading that is acknowledged to be risky. Please note: many links from the Forum lead to pages on other web sites. We cannot take responsibility for nor endorse the information presented on those sites.

Forum Policy

Return to Index

TFC Commodity Trading Forum

May consumer spending flat, weakest in almost year (by Greg Robb)

WASHINGTON (MarketWatch) -- Consumer spending was flat in May, the weakest reading since June 2010, the Commerce Department reported Monday. Personal income rose 0.3%. Wall Street economists had expected a 0.3% increase in incomes and a 0.1% gain in spending. The savings rate rose to 5.0% from 4.9% in April. Excluding inflation, disposable incomes rose 0.1 in May after falling 0.1% in April. Spending adjusted-for-inflation fell 0.1% for the second straight month. The personal consumption expenditure price index rose 0.2% in May and is up 2.5% in the past year. The core rate rose 0.3% in May, up from the 0.2% gain forecast and the biggest gain since October 2009. Over the past year, core inflation is running at a 1.2% rate, still below the Fed's implicit target near 2%.

Forum Policy

Return to Index