Federal Reserve’s optimal level

WASHINGTON | US consumer spending up 0.6 percent, best in 5 months

WASHINGTON — Americans boosted their spending by 0.6 percent in April, the biggest increase in five months, while a gauge of inflation remained at the Federal Reserve’s optimal level for a second straight month. The Commerce Department said Thursday that last month’s increase in consumer spending was the largest increase since a 0.7 percent rise … Continue reading WASHINGTON | US consumer spending up 0.6 percent, best in 5 months