A government report Friday will offer insight into how the U.S. economy fared in February, as elevated inflation continued to weigh on consumer purchasing power and interest rates remained high.
The Commerce Department will release February figures on household spending, income and saving, alongside the Federal Reserve’s preferred inflation gauge, at 8:30 a.m. Eastern time. The figures won’t reflect any impact on consumer spending from banking industry turmoil, which emerged in March.
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