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We're spending less on things that are getting cheaper

In February, then March, Americans spent more money than the month before. But today there's news that consumer spending dropped a tenth percent in April.

In February, then March, Americans spent more money than the month before. But today there's news that consumer spending dropped a tenth percent in April. It's being read by some as a sign of a tepid economy.

Chris Low, chief economist with FTN Financial, joins Marketplace Morning Report host David Brancaccio to share his take.

About the author

David Brancaccio is the host of Marketplace Morning Report. Follow David on Twitter @DavidBrancaccio

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