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U.S. consumer spending rebounds; income drops
Video Credit: Reuters Studio
Published on June 26, 2020 - Duration: 00:56s
U.S. consumer spending rebounds; income drops
U.S. consumer spending rebounded by the most on record in May.
But as Fred Katayama reports, 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.