Commerce Department

U.S. consumer spending rose more slowly

U.S. consumers boosted their spending in July, but more slowly than in prior months as new coronavirus infections rose and the expiration of enhanced unemployment checks loomed. Spending numbers have come back more than the economy as a whole, with the help of a lot of fiscal support. The question going forward is as fiscal support wanes, to what extent will it weaken.” Personal-consumption expenditures, a measure of household spending on everything from haircuts to new cars, increased a seasonally adjusted 1.9% in July from the prior month, the Commerce Department said Friday.