Consumer Spending Fell 0.2% in December as Inflation Cooled
U.S. households cut spending in December, adding to signs of an economic slowdown. Underlying inflation cooled to its slowest pace since October 2021.
Below is an instruction that describes a task. Write a response that appropriately completes the request.

### Instruction: Consumer Spending Fell 0.2% in December as Inflation Cooled

### Response: U.S. households cut spending in December, adding to signs of an economic slowdown. Underlying inflation cooled to its slowest pace since October 2021.