Key US Spending, Inflation Data Offers Glimmer Of Hope

Key US Spending, Inflation Data Offers Glimmer Of Hope

Friday's key US spending and income data beat across the board, and suggested prices accelerated less than expected in March on an annual basis. Although somewhat "stale" in the context of Q1's advance read on GDP, the figures nevertheless gave investors a more granular look at trends in consumption and inflation. Real personal spending rose 0.2% in March (figure below), much better than the slight decline economists expected. February's drop was revised to show a small gain. Headline perso
Subscribe or log in to read the rest of this content.

One thought on “Key US Spending, Inflation Data Offers Glimmer Of Hope

  1. The good news for the Fed is that domestic wage inflation is more easily affected by its tools than, say, Russian oil supply or Shanghai lockdowns. The bad news for investors is that whatever effect the Fed’s tools have on wages, and other real economy measures, comes after the effect on markets and asset prices.

Speak your mind

This site uses Akismet to reduce spam. Learn how your comment data is processed.

NEWSROOM crewneck & prints