TechFlow, May 30 — According to Jinshi Data, after experiencing the strongest month of spending since early 2023, U.S. consumers began slowing their spending in April, while inflation remained mild, consistent with signs of economic deceleration. On a year-over-year basis, the U.S. core PCE price index for April rose 2.5%, the smallest annual increase in over four years. These figures reveal underlying anxiety among many American consumers following the weakest consumption quarter in nearly two years. Although high tariffs on imported goods have not yet broadly translated into higher consumer prices, consumer sentiment has sharply declined, and personal financial outlooks are at historic lows. Another data release on Friday showed that the U.S. goods trade deficit narrowed significantly in April due to the largest-ever drop in import volumes—goods imports fell 19.8% month-on-month, marking a record decline.
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