Consumers Boosted Savings and Slowed Spending as Tariffs Loomed

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Consumers Boosted Savings and Slowed Spending as Tariffs Loomed

pymnts.com/economy/2025/consumers-boosted-savings-and-slowed-spending-as-tariffs-loomed

April’s data on inflation and consumer activity show slowing price increases, a boost to savings and a deceleration in spending, too.
The Personal Income and Outlays data, released on Friday (May 30), indicates prices were up only slightly month on month and 2.1% year on year, though the…

This story appeared on pymnts.com, 2025-05-30 15:24:04.