US Consumer <br />Spending Rose <br />Moderately in May Increased household <br />spending on vehicles, <br />restaurants and hotels <br />amounted to 0.4%. Consumer prices <br />in May also <br />rose slightly. Both sets of data <br />point to a slowing in <br />economic growth. They could motivate <br />the Federal Reserve <br />to cut interest rates <br />next month. The Fed cites growing trade <br />tensions and low inflation <br />as signals for a possible <br />July interest rate cut. Wages in May <br />gained 0.2% Personal income in May <br />buoyed consumer <br />spending with a 0.5% rise.
