US consumer spending slows in April, inflation edges up

US consumer spending slows in April, inflation edges up

US consumer spending increased marginally in April as a rush to beat higher prices from import duties slowed.

Consumer spending slows in the U.S.

Consumer spending in the U.S. saw a marginal increase in April, as households chose to focus on saving amidst economic uncertainty caused by ongoing tariff changes. Inflation was tame in April, with underlying price pressures showing the smallest annual increase in four years. The big picture: Consumer spending rose by 0.2% in April, with services like housing, healthcare, and hospitality driving this increase. However, spending on goods decrea…