Consumer Spending Fueling Better Overall Growth

    One of the biggest drivers of the U.S. economy increased for the second straight month in May, adding to optimism that growth in the second quarter will be better than the slow first quarter pace. According to a new Commerce Department report, consumer spending, which accounts for around two-thirds of all U.S. economic activity, hit market expectations as it increased 0.4% from the month before, following a 1.1% upwardly revised surge in April. Spending in durable goods, those designed to last [...]