By Eric Reed Latest economic reports suggest that consumers have yet to slow down their spending, the Action Alerts Team writes. Among the many issues confronting investors these days, inflation remains a dominant concern. The Action Alerts Plus team looked closely at the results from March’s economic indicators. First, inflation continues to rise in most major economies worldwide. In the EU, it has topped 7 percent; the same for the UK. Australia reports 3.5 percent, which is high relative to its typically stable rates. Canada reported a 5.7 percent rate in March. And, of course, the United S…