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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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From: JakeStraw	4/29/2005 8:47:57 AM
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US March spending, income higher than expected WASHINGTON (MarketWatch) - Americans' spending and income both rose to higher-than-expected levels in March, the Commerce Department said Friday. Personal income rose 0.5% in March, versus the 0.4% economists had predicted. Consumer spending rose 0.6%, versus 0.5%. The March personal savings rate was 0.4%, the smallest rate since October 2001. Consumer prices rose 0.5% in March, the largest increase in 15 years. Excluding volatile food and energy prices, the core rate of inflation increased 0.3%.

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