U.S. consumers cut their spending in June and saved at a faster rate, signs that reinforced the economy's lack of vigor. Spending decreased 0.2% after rising an upwardly revised 0.1% in May -- the biggest drop since September 2009.
Incomes rose 0.1% after increasing 0.2% in May.
U.S. consumers cut their spending in June and saved at a faster rate, signs that reinforced the economy's lack of vigor. Spending decreased 0.2% after rising an upwardly revised 0.1% in May -- the biggest drop since September 2009.
Incomes rose 0.1% after increasing 0.2% in May.
