Between Two Stimulus Checks

Between Two Stimulus Checks

Not surprisingly, given the lackluster read on retail sales the market choked down earlier this month, personal spending for February slumped after a stimulus-fueled rebound in January. Spending fell 1% last month, worse than the 0.8% drop economists expected. January was revised higher. Incomes dove 7.1%. "Economic impact payments associated with the Coronavirus Response and Relief Supplemental Appropriations Act of 2021 (which was enacted on December 27, 2020) declined sharply in February an
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