Cautious consumers cast doubt on U.S. growth outlook

U.S. consumer spending growth unexpectedly stalled in April as households cut back on purchases of automobiles and continued to boost savings, suggesting the economy was struggling to gain momentum early in the second quarter.

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U.S. GDP third Estimation after terrible Winter at 4.6 Percent

In the second quarter the U.S. economy grew at its fastest pace in 2-1/2 years with all sectors contributing to the jump in output in a bullish signal for the remainder of the year.

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