The Discreet Erosion of U.S. Household Savings

The Bureau of Economic Analysis on Friday published new data for personal consumption expenditures, revealing a 2.6% rise in the price of goods over the past year and a 0.7% surge in consumer spending, coming in higher than the 0.4% increase analysts expected. With fears of a recession easing, Wall Street is celebrating the resilience of the consumer […] Read Full Article »