(Bloomberg) -- Consumer spending in the U.S.
probably rose in May as gains in wages helped overcome higher
fuel and borrowing costs, economists said before a report today.
The Commerce Department will report that spending increased
0.7 percent, the most in three months, following a 0.5 percent
April gain, according to the median estimate in a Bloomberg News
survey of 76 economists. Incomes grew 0.6 percent after a 0.1
percent decline, based on the survey.
Read more at Bloomberg Bonds News
probably rose in May as gains in wages helped overcome higher
fuel and borrowing costs, economists said before a report today.
The Commerce Department will report that spending increased
0.7 percent, the most in three months, following a 0.5 percent
April gain, according to the median estimate in a Bloomberg News
survey of 76 economists. Incomes grew 0.6 percent after a 0.1
percent decline, based on the survey.
Read more at Bloomberg Bonds News
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