Personal income increased 0.8%, or $194.7 billion, in February, the Commerce Department said. The personal savings rate — a percentage of disposable personal income — was 4.6%. Meanwhile, personal consumption expenditures increased 0.4%, or $87.8 billion.
ABA DataBank: Fed communications grow more hawkish
As inflation has moved even further away from the Fed's 2% target in recent months, Fed communications suggest increasing concern regarding inflation (hawkish) instead of the labor market (dovish), as evidenced by positive values for Bloomberg's FedSpeak Index.









