Consumer spending is up, will the economy follow?

A trader works on the floor of the New York Stock Exchange before the closing bell on June 24, 2013 in New York City.

Consumer spending rebounded in May with personal income up the most in three months. Diane Swonk, chief economist with Mesirow Financial, joins Marketplace Morning Report host David Brancaccio to share why she thinks the latest upbeat data don't add up to a strong economy.

About the author

Diane Swonk is chief economist with Mesirow Financial, based in Chicago.

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