Consumer Spending Stalls

from Bloomberg.com:

Consumer spending stalled in May as stagnant wages and slackening employment held back the biggest part of the U.S. economy.

Purchases were little changed after a 0.1 percent rise the prior month that was smaller than initially reported, according to Commerce Department figures issued today in Washington....

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Link: http://www.bloomberg.com/news/2012-06-29/u-s-consumer-spending-unchanged-in-may-weakest-in-six-months.html

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From the WSJ.com:

Consumers Become More Pessimistic

U.S. consumers were more worried about the economy at the end of June than they were last month, according to data released Friday....

Consumers are benefiting from a decline in gasoline prices, but they are worried about weaker labor markets and financial-market volatility caused by uncertainty about the euro-zone debt crisis...

The sentiment drop clouds the outlook for the important consumer sector which accounts for the bulk of U.S. economic activity. Earlier Friday, the government reported household spending was flat in May....

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Link: http://blogs.wsj.com/economics/2012/06/29/consumers-become-more-pessimistic/