Personal income increased 0.3%, or $66.5 billion, in February, the Commerce Department said today. The personal savings rate—a percentage of disposable personal income—was 3.6%. Meanwhile, personal consumption expenditures increased 0.8%, or $145.5 billion.
Business inventories hold steady in March
Business inventories in March came in at $2.54 trillion, down 0.1% from the month prior and up 0.6% from a...