Household spending likely rose in June but appears to have weakened in recent weeks
U.S. consumer spending likely rose in June but appears to have weakened in recent weeks as coronavirus cases increased, restraining the economic recovery.
Americans ability and willingness to spend will largely determine the economys path in the coming weeks and months. The Commerce Department will post official data on June household income and spending on Friday at 8:30 a.m. ET.
Household…