News Analysis: Economists see downshift on horizon for U.S. spending

by Matthew Rusling

WASHINGTON, May 31 (Xinhua) -- While U.S. consumers have been spending at high levels, a slowdown in consumer spending is on the horizon, economists said.

After two years of limiting their travel due to COVID-19 lockdowns and other restrictions, Americans have hit the roads and skies again in growing numbers -- and spending big bucks to do it.

Record amounts of government stimulu