Personal Spending Up .1%

US personal spending was up only .1% in February. "Inflation" was also up .1% for February and 2.0% YOY. 2% sounds really odd considering food and energy prices were skyrocketing (and that has to flow to other items at some point).

Adjusted for inflation, spending was flat.

Personal income was up at a seasonally adjusted rate of .5%. Considering all the layoffs and problems in the labor market, I thought income would have gone down.

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