Consumer spending growth, which had already showed sluggish signs this year, slowed significantly in April as more families waited to see how tariff-related uncertainty might play out. Spending rose 0.2 percent last month, compared with a 0.7 percent increase the month before, according to data released Friday by the Bureau of Economic Analysis.

U.S. consumer spending increased marginally in April, with households opting to boost savings amid mounting economic uncertainty because of a constantly changing tariff landscape. The report from the

The Federal Reserve's favored inflation indicator cooled in April, though consumers pulled back sharply on their spending, the Commerce Department said on Friday. Why it matters: Price pressures were mild,