Economy News Headlines - Yahoo! News: US consumer spending up 0.2 percent in January

Economy News Headlines - Yahoo! News Get the latest economy news headlines from Yahoo! News. Find breaking economy news, including analysis and opinion on top economy stories, photos and more.

US consumer spending up 0.2 percent in January Mar 1st 2013, 14:28 WASHINGTON (AP) — U.S. consumers increased spending modestly in January but cut back on major purchases that signal confidence in the economy. The decline in spending on goods suggests higher tax rates that kicked in on Jan. 1 may have made consumers more cautious.

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