Consumer Spending Gains Likely Cooled in May, Economists Say

Household spending could also be working out of momentum, economists say, as Americans face the very best inflation in 4 many years and incomes that haven’t saved up with value will increase.

U.S. customers are estimated to have boosted their seasonally adjusted spending by 0.4% in May, a slowdown from the 0.9% increase in April, in accordance with economists surveyed by The Wall Street Journal. The Commerce Department will launch its May personal-consumption expenditures report on Thursday at 8:30am ET.