U.S. personal spending accelerated more than expected in June, reflecting a ramp up in outlays on services, while a closely watched inflation measure continued to climb.Purchases of goods and services increased 1% from a month earlier, following a downwardly revised 0.1% drop in May, Commerce Department figures showed Friday. The personal consumption expenditures price gauge, which the Federal Reserve uses for its inflation target, rose 0.5% for a second month.
Load More
Load More