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Consumers pull back spending due to high gas and food prices

The monthly reading on retail sales showed a 0.3% drop in May compared with April, the first decline in spending since December.

United statesNeil saundersMarwan forzleyFederal reserve

Consumers pull back spending due to high gas and food prices

The high cost of gas and food is causing U.S. consumers to pull back spending on other items, suggesting a slowdown in the economy s main driving force.

United statesNeil saundersMarwan forzleyWarnermedia companyFederal reserveCable news network incNews network

Consumers pull back spending due to high gas and food prices

The monthly reading on retail sales showed a 0.3% drop in May compared with April, the first decline in spending since December.

United statesNeil saundersMarwan forzleyFederal reserve

Consumers pull back spending due to high gas and food prices

The monthly reading on retail sales showed a 0.3% drop in May compared with April, the first decline in spending since December.

United statesNeil saundersMarwan forzleyFederal reserve

Consumers pull back spending due to high gas and food prices

The monthly reading on retail sales showed a 0.3% drop in May compared with April, the first decline in spending since December.

United statesNeil saundersMarwan forzleyFederal reserve

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