U.S. consumer spending misses forecasts as prices ease

AMERICAN CONSUMER SPENDING in January rose 0.1 percent from the prior month after a downwardly revised 0.6 percent drop, according to the Commerce Department. / BLOOMBERG FILE PHOTO/VICTOR J. BLUE
AMERICAN CONSUMER SPENDING in January rose 0.1 percent from the prior month after a downwardly revised 0.6 percent drop, according to the Commerce Department. / BLOOMBERG FILE PHOTO/VICTOR J. BLUE
NEW YORK - United States consumer spending in January was short of projections while inflation eased, an early read on the economy in the first…

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