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Peter Schiff

@PeterSchiff

Chief Economist & Global Strategist https://t.co/X35usGhhgW, Chairman https://t.co/Ib5G6n78js, Founder https://t.co/a2VnvnhiKN, Host https://t.co/YAV1Kdqb51

calendar_today14-07-2009 01:28:42

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Once again data came out hotter than expected, as the YoY PCE rose 2.7%, with YoY core PCE rising 2.8%. March personal spending spiked .8%, as consumers paid higher prices. As incomes only rose .5%, the savings rate plunged to 3.2% from 3.6%, the lowest since Nov 2022.

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