HomeMarketsU.S. Economy & JobsPersonal Savings Rates Hit Lowest Since 2013 As Household Balance Sheets Erode
Personal Savings Rates Hit Lowest Since 2013 As Household Balance Sheets Erode

William Lee says the Fed's inflation-fighting credibility has eroded severely, but despite this, there is no sign of an imminent 1970s-style wage-price spiral. Lee says high savings rates and strong household balance sheets are falling apart, and retail sales show how purchases have skewed toward food and energy as of late.

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