Jun 25, 2015 | Post by: Roman Chuyan, CFA Comments Off on Consumers Are Back –

Consumers Are Back –

After a winter hiatus, consumers are back! Spending increased by 1.36% in May according to the Census Bureau, well above economists’ expectations. Employment that’s the strongest in 15 years by some measures, higher home prices, and savings form lower energy prices, are helping Americans feel secure enough to boost spending. The 3-month cumulative rise in spending this spring is 3.1%, the strongest such run since late-2009.

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