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U.S. consumer spending, underlying inflation slow in May

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Consumer spending increases 0.2% in MayInflation adjusted consumers spending drops 0.4%Core PCE price index rises 0.3%; up 4.7% year-on-yearWeekly jobless claims fall 2,000 to 231,000WASHINGTON, June … [Read more...] about U.S. consumer spending, underlying inflation slow in May

U.S. recession fears darken outlook for global growth

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WASHINGTON/LONDON/TOKYO, June 23 (Reuters) - Manufacturing growth is slowing worldwide as China's COVID-19 curbs and Russia's invasion of Ukraine disrupt supply chains and keep inflation at the … [Read more...] about U.S. recession fears darken outlook for global growth