Pantheon Macroeconomics - The entire 10.5% increase in personal income in April, reported on Friday, was due to the direct stimulus payments made to households under the CARES Act.

U.S. | 1 June 2020 The Saving Rate has Peaked, but Consumers have a Lot of Firepower
The entire 10.5% increase in personal income in April, reported on Friday, was due to the direct stimulus payments made to households under the CARES Act.

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1 June 2020 The Saving Rate has Peaked, but Consumers have a Lot of Firepower

By Ian Shepherdson

The entire 10.5% increase in personal income in April, reported on Friday, was due to the direct stimulus payments made to households under the CARES Act.

Posted: 1st Jun 2020 in 'U.S.'

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