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Day: March 31, 2022

Healthy Jobs and Income US Data Helps USD, But Not S&P500

American households increased spending by 0.2% in February, compared with a 0.5% rise in income. But this data only looks optimistic at first glance. Americans saved 6.3% of disposable income compared to 6.1% in January. In other words, we are seeing a stabilisation at levels that last occurred 12 years ago. The decline in the …

Healthy Jobs and Income US Data Helps USD, But Not S&P500Read More

As the pandemic enters its 3rd year, more Chinese people say they’d rather save than spend

While mainland China faced its worst wave of Covid-19 since the initial shock of the pandemic, a central bank survey found more Chinese wanted to save money than spend or invest it. Costfoto | Future Publishing | Getty Images BEIJING — Chinese consumers are becoming more cautious than they were near the start of the …

As the pandemic enters its 3rd year, more Chinese people say they’d rather save than spendRead More

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