US consumer Spending dips as tariffs, inflation weigh on consumers’ outlook
Michael Phang2025-06-30T10:08:29-05:00June 30, 2025 US consumer spending dipped in May, with households curbing discretionary purchases amid concerns about a weaker domestic jobs market, potential tariff-driven spike in inflation and ongoing economic uncertainty. Real consumer spending, adjusted for inflation, fell 0.3% from April, the biggest monthly drop since January, according to a June 27 report from the