Consumer Spending Jumps the Most in Nearly Seven Years

(TNS)–Consumers pulled their wallets out of winter hibernation in April, increasing their spending at the fastest pace in nearly seven years in a sign that the economy is growing solidly again this spring.
Personal consumption expenditures grew by 1 percent after being flat in March and posting small gains the previous two months, the Commerce Department said Tuesday.
A jump in purchases of motor vehicles and long-lasting durable goods helped fuel the rise.
The last time consumer spending