Americans are saving less, a possible sign of economic strength
“When you’ve got a full piggy bank, you don’t feel like you have to set aside as much from each paycheck,” said Tim Quinlan at Wells Fargo.
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“When you’ve got a full piggy bank, you don’t feel like you have to set aside as much from each paycheck,” said Tim Quinlan at Wells Fargo.
Today, mortgage application rates fell after two consecutive weeks of growth and economists look ahead to tomorrow's measure of economic growth.
Today, service industry data will complete the picture of an economy that may still be running hot, while Federal Reserve speakers including Chair Jerome Powell will provide insight into the next steps for monetary policy.
Today, economists continue to digest the inflation data that came out last week and look ahead to labor market data that will be released this week.
Personal consumption expenditures (PCE) price index, the Federal Reserve's preferred inflation measure, rose 2.4 percent in January, as inflation continued to cool amid high interest rates, the Commerce Department reported on Thursday.