The U.S. Department of Commerce announced Friday that U.S. consumer spending increased 0.1% in February. U.S. incomes rose 0.3% in the month, with real disposable incomes increasing by 0.2%.
For the eleventh straight month, though, the savings rate for American consumers was negative. In February, the savings rate was -0.5%.
Core inflation rose 0.1% as prices remained unchanged.
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