consumer spending

consumer spending

Illustration: TBS

Low and middle-income people cutting back on food spending

They are also trimming their budget for nutrition, education and healthcare

International Monetary Fund logo is seen inside the headquarters at the end of the IMF/World Bank annual meetings in Washington, U.S., October 9, 2016. REUTERS/Yuri Gripas/File Photo

IMF again cuts US 2022 growth forecast to 2.3% as consumer spending cools

People wearing protective masks shop at Macy's Herald Square following the outbreak of the coronavirus disease (COVID-19) in the Manhattan borough of New York City, New York, U.S., December 26, 2020. REUTERS/Jeenah Moon/File Photo

US consumer spending rises strongly in June; inflation increases