Incomes rebounded in February and inflation tapered off in early 2019
The numbers: Incomes rose modestly in February after falling in the first month of the year and declining inflation gave Americans even more bang for their buck, according to government figures long delayed by the government shutdown earlier this year.
The closely followed core rate that excludes food and energy rose 0.1% in January. The 12-month rate also fell a few ticks, to 1.8% from 2%.What happened: Incomes have zigzagged over the past three months, but they are still sharply higher compared to a year earlier. In January, Americans spent more on financial services and insurance, but spending on new cars and trucks declined.Read: Gush of government spending that boosted economy last year is fading
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