Mar
28
Consumers Stingy, Home Sales Rebound: U.S. Economic Takeaways
By-
Household spending rose 0.1 percent for a third straight month
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Contracts to buy existing homes increase by most in a year
What you need to know about Monday’s U.S. economic data:
PERSONAL INCOME AND SPENDING (FEBRUARY)
- Spending rose 0.1 percent for third month after January outlays revised sharply lower from previously reported 0.5 percent gain
- Inflation-adjusted spending climbed 0.2 percent after no change (previously reported up 0.4 percent)
- Personal incomes increased 0.2 percent after 0.5 percent advance
- Saving rate rose to one-year high of 5.4 percent from 5.3 percent…
Consumers Stingy, Home Sales Rebound: U.S. Economic Takeaways
