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DeepNewz, mobile.
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U.S. consumer spending rose 0.5% in July, according to figures cited by CNN on Friday. The gain matched economists’ expectations and underscores the continued resilience of household outlays, which account for the bulk of economic activity. CNN also said June’s spending figures were revised upward, indicating stronger momentum than previously reported. The back-to-back gains suggest consumer demand is holding up despite higher borrowing costs and elevated prices.
🚨 BREAKING — CNN: “Consumer spending, the engine of this economy, it INCREASED by a solid amount in July.” MORE WINNING! 🔥🔥🔥 https://t.co/vG0xj5b88e
🔥CNN forced to admit that consumer spending SPIKED in July and June’s numbers were revised even higher: "Consumer spending increased by a solid amount in July. June was a solid number and was revised even higher.” https://t.co/8fYrtvCzv3
🚨 WOW! CNN is now reporting that American consumer spending is *increasing* in July and was actually revised higher for June. "Consumer spending, the engine of this economy, it increased by a solid amount in July. +0.5%. That's exactly as expected. And this is a relief because https://t.co/xl2kzSJRM9
