币界网报道:U.S. consumer spending unexpectedly fell in May as the boost from advance purchases ahead of tariffs faded and inflation growth remained mild. Data on Friday showed that consumer spending, which accounts for more than two-thirds of economic activity, fell 0.1% last month, compared with market expectations for a 0.1% increase. Consumer spending was almost stagnant last quarter after the rush of advance shopping disappeared. Spending on services also fell, resulting in a quarterly increase of only 0.5%, the lowest since the second quarter of 2020. The data pointed to a weak path for consumption growth in the second quarter. Weak consumption and mild inflation are still not enough to prompt the Federal Reserve to resume interest rate cuts in July. Economists pointed out that the current mild inflation is due to companies still selling inventory hoarded before tariffs took effect, and inflation is expected to start to rise from the June CPI data. Nick Timiraos, the "Federal Reserve mouthpiece", said that U.S. core commodity prices rose 0.24% in May, and except for the decline in March, they have risen sharply every month this year. The housing sector rose 0.26%, the largest mild increase since November. Core services prices (excluding housing) rose 0.13%, marking the third consecutive modest reading.