Article
Americans' Savings-Rate Slumps In April As Fed's Favorite Inflation Signal Soars
Americans' Savings-Rate Slumps In April As Fed's Favorite Inflation Signal Soars
After accelerating significantly in March, The Fed's favorite inflation indicator - Core PCE (a measure of price changes in consumer goods and services that excludes volatile food and energy costs) - rose 0.2% MoM in April (less than expected +0.3% MoM), but pulled up the YoY measure to +3.3% (as expected) - its highest since Nov 2023.
The rise in Services costs (headlined by Housing & Utilities, Financial Services, and Healthcare) dominated the increase in Core PCE YoY...
The headline PCE...
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US Sending Witkoff, Kushner To Pakistan As Iran Balks At Talks
US Sending Witkoff, Kushner To Pakistan As Iran Balks At Talks
Summary
President Trump is sending two envoys - Steve Witkoff and Jared Jushner - for talks with Iran in Pakistan, CNN reported, while Tehran sounded a more pessimistic tone on the prospects of further negotiations
Avalanche of Friday morning headlines speculating on Iran FM travel to Pakistan, and potential US delegating arriving too - Iranians will just engage Pakistan mediators in this visit.
Third US aircraft carrier, the George HW Bush, has finally arrived in Mideast regional waters after taking the long way around...
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