U.S. Consumer Spending Rebounds; Falling Income, Surging COVID-19 Cases Loom

Reuters, June 26, 2020–Lucia Mutikani
U.S. consumer spending rebounded by the most on record in May, but the gains are not likely to be sustainable, with income dropping and expected to decline further as millions lose their unemployment checks starting next month.
https://www.reuters.com/article/us-usa-economy-spending/u-s-consumer-spending-rebounds-falling-income-surging-covid-19-cases-loom-idUSKBN23X1QE