Consumer spending continues at a subdued rate

Consumer spending continues at a subdued rate

Personal income continued to increase at a steady pace in February, but the gain also showed the limits of Republican tax cuts for the consumer. Personal income stayed constant from January to February with a 0.4% increase. The savings rate increased 0.2%–less than...
Personal income gets a tax cut bump

Personal income gets a tax cut bump

Personal income rose in January to reflect the reduced tax rates of the Tax Cuts and Jobs Act, increasing the American savings rate for the first time in months. The 0.4 percent increase in January slightly exceeded an economist median estimate of 0.3 percent....