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The main drivers behind the remarkably resilient American consumer are losing steam at the same time, suggesting a recent pullback in household demand may be more than just a one-off. Real disposable incomes have risen only modestly over the past year. The saving rate now stands at a 16-month low as households have mostly exhausted the extra pile of cash ...
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Treasury investors got some relief yesterday simply from not getting shocking inflation figures in data released by the US Bureau of Economic Analysis. Both the headline and core measures for Personal Consumption Expenditure inflation, the Federal Reserve’s favorite index, were as expected in April and maintained a pace comparable to March. To markets that ...