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Americans Kept Spending in June to End Stronger Second Quarter

From bloomberg.com

American households kept spending in June, capping a stronger quarterly performance for the biggest part of the economy. The 0.2 percent increase in purchases followed a 0.7 percent May advance, Commerce Department figures showed Monday in Washington. The June gain matched the median forecast of economists in a Bloomberg survey. Incomes climbed 0.4 percent for a third month. Americans, enjoying a hiring pickup and no longer fettered by high prices at the gas pump, helped the economy stir last quarter after an early-year slumber. A tempering of spending at the end of the quarter shows stronger wage growth is probably ... (full story)

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