Consumers boost spending in April at fastest pace since end of 2016

• May 30, 2017
• realestatelife
• Business & Markets, Real Estate Finance

Spending jumps 0.4%; inflationary pressures wane. Aided by rising incomes and tax refunds, Americans boosted spending in April at the fastest clip since the end of 2016 in another sign the economy has speeded up during the spring. Lower inflation that reflects falling oil prices also gave households an extra cushion.