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Consumers are watching their pennies at the gas station and grocery store as consumer prices surged 8.6% in May, pushing the annual inflation rate to its highest in over 40 years.
Washington June 2 : The US Manufacturing Sector Saw Faster Growth In May Amid Continued Supply Chain Bottlenecks The Institute For Supply Management (ISM) Reported.The Purchasing Managers Index Stood At 56.1 Per Cent Up 0.7 Percentage Points Fr
Economists see downshift on horizon for U.S. spending-
While US consumers have been spending at high levels, a slowdown in consumer spending is on the horizon, economists said.
© Provided by Xinhua While people continue to consume despite high inflation, theyre getting closer to the end of the lollipop.by Matthew RuslingWASHIN