Consumer spending in the U.S. rebounded in May following the biggest drop in more than three years, a sign the biggest part of the economy will underpin growth this quarter. Household purchases, which account for about 70 percent of the economy, rose 0.3 percent after a 0.3 percent decline the prior month that was the biggest since September 2009, Commerce Department figures showed today in Washington. Incomes (PITLCHNG) advanced 0.5 percent, more than projected. The report may help ease concern about the outlook for the economic expansion after data yesterday showed household purchases rose at a slower pace than ... (full story)