Friday's Market Minute: The U.S. Consumer Isn't Spending
The backbone of the American economy is the U.S. consumer, and as economic data begins to roll in, we are finally getting a hindsight look at how well the consumer has been doing. The second look at 1Q GDP came in lower than expected yesterday, at -5.0 percent, with U.S. consumer spending falling 6.8 percent. This morning's Personal Income and Outlays report showed April U.S.