July 31 (Bloomberg) -- Consumer spending in the U.S. stagnated in June as Americans used the biggest gain in incomes in three months to boost savings.
Household purchases were unchanged after a 0.1 percent decrease the prior month that was previously reported as little changed, a Commerce Department report showed today. Incomes rose 0.5 percent, lifting the savings rate to 4.4 percent. Betty Liu and Michael McKee report on Bloomberg Television's "In the Loop." (Source: Bloomberg)