Personal savings rate hits multi-year low as PCE and GDP data released
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Summary
This episode of a podcast/news program covers two major economic data releases: the PCE price index for April and GDP revisions for the first quarter of the year. The personal savings rate has hit a several-years low. Experts Laura Veldkamp from Columbia Business School and Tara Sinclair from George Washington University provide analysis on what these reports indicate about the current state of the economy. Additional topics mentioned include solar geoengineering, souvenir tees, office space, and protein powder.
Key quotes
· 3 pulledThe personal savings rate just hit a several-years low.
Two big data releases came out Thursday: The PCE price index for April and GDP revisions for the first quarter of the year.
Laura Veldkamp at Columbia Business School and Tara Sinclair at George Washington University explain what these reports say about the state of the economy
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