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Economists projected that consumer spending slowed in April and that inflation cooled to 2.2%.

Americans pulled back on their spending in April amid tariff rollout

Alicia Wallace, CNN May 30, 2025

(CNN) — American consumers reined in their spending in April following a tariff-fueled buying binge the month before, according to new data released Friday that also showed inflation cooled off again. Friday’s...

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Commerce Department report