U.S. consumer spending stayed solid in June

AMERICAN CONSUMER SPENDING increased for a fourth consecutive month in June, accompanied by a continued increase in inflation, according to the Commerce Department. / BLOOMBERG FILE PHOTO/VICTOR J. BLUE
AMERICAN CONSUMER SPENDING increased for a fourth consecutive month in June, accompanied by a continued increase in inflation, according to the Commerce Department. / BLOOMBERG FILE PHOTO/VICTOR J. BLUE
WASHINGTON – U.S. consumer spending posted a fourth consecutive solid advance in June, fueled by steady income growth and underscoring strength in the biggest part of the economy. Inflation, meanwhile, topped estimates. Purchases, which account for about 70 percent of the economy, rose 0.4 percent after a revised 0.5 percent advance that was larger than…
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