With data mostly below levels from a year ago, the hope of a faster recovery is on its last legs. The only thing left is the "weather" argument, that data will pop higher when spring arrives.
Personal Spending Jumps More than Income in March
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Disposable (after tax) income rose 0.5 percent in March. Real (inflation
adjusted) income rose 0.2 percent. The rise in spending outpaced the rise
in income.
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