U.S. Imports of Russian King Crab Surge in May
Overall U.S. consumer spending increased for a fourth straight month in April and is expected to grow at a 2.5% for all of 2022. This is quite different from 2021 when the U.S. realized a 5.7% pace. Mobility data from Google show that consumer spending changed from goods to an increase in the service segments of travel, eating out, and away from home entertainment. Inflation and economic issues are accelerating the spending on services as consumer goods have risen faster than services prices...
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