US consumers kept spending in July, even as inflation remained elevated that month, new data showed Friday. Consumer spending rose 0.5% from June, according to Commerce Department data released Friday. That’s slightly below expectations for a 0.6% bump but represented a slight pickup from the 0.4% increase notched in June, according to FactSet consensus estimates. [...] The post Americans kept spending last month despite elevated inflation appeared first on Kahawatungu .