Mike McKee

We also saw the unemployment rate tick down a little bit, not enough to round down to 4.2 percent, but it is a little bit lower as we saw a little more hiring than we saw in terms of unemployment.

The personal savings rate dropped significantly to 2.6 percent, so it does show people were going into their savings to keep up the level of spending.

And so that, along with the drop in the overall spending rate, portends maybe a consumer slowdown ahead.

The personal savings rate dropped significantly to 2.6 percent.

So it does show people were going into their savings to keep up the level of spending.

And so that along with the drop in the overall spending rate portends maybe a consumer slowdown ahead.

You certainly ask interesting questions.

Reports have identified the victim as Bob Lee, the founder of Cash App.

If you want to look at what actually pushed it higher, I bet you won't be surprised to know that gasoline prices were up 5.4 percent.

Electricity, though, also up 2.1 percent, a big rise there.

So it may not help you to buy that electronic vehicle.

Owner's equivalent rent was up half a percent.

That's a bit of a statistical quirk because of the government shutdown last October.

There were no data.

So it takes six months to turn the housing market data around.

And that is what resulted.

If you want to look at what actually pushed it higher, I bet you won't be surprised to know that gasoline prices were up 5.4%.

Electricity, though, also up 2.1%, a big rise there, so it may not help you to buy that electronic vehicle.

Owner's equivalent rent was up half a percent.

That's a bit of a statistical quirk because of the government shutdown last October.