GDP revisions and the US personal savings rate

In the last post, I mentioned the fact that the US personal savings rate was relatively high. And the context for this was how the Fed might believe savings act as a cushion for consumers. At the margin, this cushion would give the Fed less pause in raising interest rates. But let's look at why the ...

Most of the new content on this site requires a subscription.

Click here to subscribe. Your readership is greatly appreciated!

Registered users can log in by entering details here or below.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More