Newsfeed: Fed’s Favorite Inflation Signal Hits 40 Year High As Savings-Rate Crashes

Newsfeed: Fed’s Favorite Inflation Signal Hits 40 Year High As Savings-Rate Crashes

Both incomes and spending were expected to rise MoM in March and they did with spending rising 1.1% MoM (almost double the 0.6% rise expected) and outpacing the 0.5% MoM rise in incomes.