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Consumer spending recorded its biggest increase, 0.4% in four months in April. Consumer spending accounts for more than two-thirds of U.S. economic activity. Consumer spending grew at its slowest pace in more than seven years in the first quarter. That helped to restrict gross domestic product growth to a 1.2% annual rate in the first quarter. (Commerce Department)

The personal consumption expenditures (PCE) price index moved up 0.2% in April. In the last 12 months, the PCE price index increased 1.7%. (Commerce Department)

Personal income rose 0.4% last month. Income at the disposal of households after accounting for inflation advanced 0.2%. Savings were little changed at $759 billion in April. (Commerce Department)

The Consumer Confidence Index fell again in May to 117.9, but U.S. consumers remain optimistic on the whole. The Consumer Confidence Index hit 125.6 in March, its highest level since December 2000. Individuals saying business conditions are "good" edged down from 30.8% to 29.4% in May, but those saying business conditions are "bad" was unchanged at 13.7%.  Persons claiming jobs are "hard to get" decreased from 19.4% to 18.2%. (Conference Board)

With Northwest Quadrant Wealth Management, a Registered Investment Advisor I am Troy Reinhart.
 

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Help Puerto Rico

Most organizations are asking for cash, rather than supplies, so they can route help to where it’s needed most more quickly. Here are some of the largest groups with campaigns underway:

 

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  • Click on the link for the latest conditions on the mountain passes.

 

  • Intersection of NW Broadway Street and NW Delaware for waterline replacement project, road closures with detours clearly marked for thru traffic, 7 a.m. – 4 p.m. daily with roads opened nightly. Motorists are encouraged to avoid this area and use Bond Street and Wall Street.

 

  • Nels Anderson Road between Nels Anderson Place and Brandis Court, single northbound shoulder closure will be in effect, two-way traffic to be maintained. Project completion expected December 2017.