Article Title: U.S. consumer spending posts biggest gain in nearly two years; inflation picks up
Snippet of Article: "This report all but insures the Fed will continue on its rate hiking campaign for a lot longer than markets anticipated just a few weeks ago. Consumers boosted purchases of long-lasting manufactured goods like motor vehicles, household furnishings and equipment as well as recreational goods and vehicles. They also bought clothes. Goods outlays rebounded 2.8%. Spending on services was also strong, rising 1.3% as Americans frequented restaurants and bars. There were increases in spending on healthcare, recreation and transportation services.
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Source: yahoo.com
