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Surge in consumer spending in April

Surge in consumer spending in April

U.S. consumers ramped up their spending in March at the fastest pace in 4½ years, a sign that the economy is gaining momentum after its winter slowdown. The Commerce Department…

Consumer spending down amid slowdown in economy

Consumer spending down amid slowdown in economy

Consumer spending fell in April for the first time in almost a year and inflation pressures were subdued, pointing to a slowdown in economic activity, which should allow the Federal…

Economists say shopping surge will continue

Economists say shopping surge will continue

Shoppers’ holiday-season splurge was likely a preview of what’s to come in 2011, and economists say it should embolden companies to expand and hire. Americans spent more in the 50…