U.S. consumer spending slows in April; inflation rises moderately

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Open this photo in gallery: People walk through the Oculus transportation hub and shopping mall in Manhattan on April 30, 2025 in New York City.Spencer Platt/Getty Images U.S. consumer spending increased marginally in April as a rush to beat higher prices from import duties slowed. Consumer spending, which accounts for more than two-thirds of economic activity, rose 0.2 per cent last month after an unrevised 0.7 per cent jump in March, the Commerce Department’s Bureau of Economic Analysis said on Friday. Economists polled by Reuters had forecast consumer spending climbing 0.2 per cent. Pre-emptive buying of goods ahead of President...