data report
PCE prices fell 0.1% in June as real consumer spending rose 0.4%
BEA reported a monthly decline in its broad inflation gauge while inflation-adjusted spending increased; the estimates remain subject to revision.
topics
Consumer spending
data report
U.S. GDP growth slowed to 1.5% as consumer spending rebounded
The advance estimate showed stronger household spending and fixed investment, while government spending fell and price growth accelerated.
data report
U.S. economic growth slowed to 1.5% in the second quarter, advance estimate shows
Consumer spending accelerated and a private-demand gauge rose 3.9%, but weaker government spending and faster import growth held down the headline rate.