U.S. Consumer Spending Weakest Since 2009, Inflation Muted

U.S. consumer spending recorded its biggest decline since late 2009 in December, with households appearing to save the extra cash from cheaper gasoline, which could support future consumption. The Commerce Department said on Monday that consumer spending dropped 0.3 percent, after a downwardly revised 0.5 percent increase in November. When adjusted for inflation, consumer spending dipped 0.1 percent, the weakest reading since last April, after increasing 0.7 percent in November. http://yhoo.it/1CpXesO http://bit.ly/1fJ5yqZ