US consumer spending increased more than expected in April, boosting the economy's growth prospects for the second quarter, and inflation picked up, which could see the Federal Reserve keeping interest rates higher for some time. #Inflation #Fed #Spending #News #Reuters #newsfeed Subscribe: http://smarturl.it/reuterssubscribe Reuters brings you the latest business, finance and breaking news video from around the globe. Our reputation for accuracy and impartiality is unparalleled. Get the latest news on: https://www.reuters.com/ Follow Reuters on Facebook: https://www.facebook.com/Reuters Follow Reuters on Twitter: https://twitter.com/Reuters Follow Reuters on Instagram: https://www.instagram.com/reuters/?hl=en
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