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    Topic: Tax & Budget — Neutral reports only

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    [2026-05-02 01:20 UTC+10:00] [General] [Factuality: 100]
    Source: Zero Hedge
    Title: US Mortgage Debt Hits $13.2 Trillion, Average Household Owes Nearly $109,000
    Snippet: Authored by Mary Prenon via The Epoch Times,
    Read full article: https://www.zerohedge.com/personal-finance/us-mortgage-debt-hits-132-trillion-average-household-owes-nearly-109000
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    [2026-05-01 22:52 UTC+10:00] [General] [Factuality: 100]
    Source: ABC News
    Title: Tie property tax changes to income tax cuts, productivity chief says
    Snippet: Labor is being urged to link any capital gains tax or negative gearing changes to future income tax cuts. (ABC News: Ian Cutmore)
    Read full article: https://www.abc.net.au/news/2026-05-01/labor-urged-to-put-income-tax-cuts-in-reform-mix/106633066
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    [2026-05-01 22:35 UTC+10:00] [Trump administration] [Factuality: 100]
    Source: Guardian Australia
    Title: Pentagon plans to make US military ‘AI-first fighting force’ by pairing with companies
    Snippet: Agreements with artificial intelligence firms spark concerns over public spending, cyber security and domestic surveillance
    Read full article: https://www.theguardian.com/us-news/2026/may/01/pentagon-us-military-pairs-with-spacex-google-openai
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    [2026-05-01 22:30 UTC+10:00] [Politics / Federal] [Factuality: 100]
    Source: The Age
    Title: Chalmers prepares for a $60 billion budget hit
    Snippet: The nation’s taxpayers are on the hook for at least an extra $60 billion in spending on everything from public hospitals to dealing with the fallout from cyclones and flooding, putting more pressure on Treasurer Jim Chalmers to find savings in next month’s federal budget.
    Read full article: https://www.theage.com.au/politics/federal/chalmers-prepares-for-a-60-billion-budget-hit-20260501-p5zsvj.html?ref=rss&utm_medium=rss&utm_source=rss_feed
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    [2026-05-01 21:08 UTC+10:00] [General] [Factuality: 100]
    Source: AP News
    Title: Bessent wants people to budget and save, not fall for easy-money traps
    Snippet: Treasury Secretary Scott Bessent attends a meeting with members of the Association of Mature American Citizens (AMAC), about financial literacy, Wednesday, April 29, 2026, at the Treasury Department, in Washington. (AP Photo/Jacquelyn Martin)
    Read full article: https://apnews.com/article/bessent-treasury-secretary-profile-6ae242f0c3ad3643e052fd1a19d7154b
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    [2026-05-01 20:52 UTC+10:00] [General] [Factuality: 100]
    Source: Nikkei Asia
    Title: Japan's trading houses see benefits from Iran war but set buffers
    Snippet: All five Japanese trading houses reported earnings and predicted profit rises for their current fiscal years on Friday. (Source photos by Nikkei)
    Read full article: https://asia.nikkei.com/business/business-trends/japan-s-trading-houses-see-benefits-from-iran-war-but-set-buffers
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    [2026-05-01 20:00 UTC+10:00] [General] [Factuality: 100]
    Source: South China Morning Post
    Title: China cuts tariffs on African goods but is it enough to close the trade gap?
    Snippet: Analysts urge Beijing to invest in Africa’s industrial capacity to reduce its substantial trade deficit and create a more balanced relationship
    Read full article: https://www.scmp.com/news/china/diplomacy/article/3352108/china-cuts-tariffs-african-goods-it-enough-close-trade-gap?utm_source=rss_feed
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    [2026-05-01 20:00 UTC+10:00] [South Africa] [Factuality: 100]
    Source: South China Morning Post
    Title: China cuts tariffs on African goods but is it enough to close the trade gap?
    Snippet: Analysts urge Beijing to invest in Africa’s industrial capacity to reduce its substantial trade deficit and create a more balanced relationship
    Read full article: https://www.scmp.com/news/china/diplomacy/article/3352108/china-cuts-tariffs-african-goods-it-enough-close-trade-gap
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    [2026-05-01 19:30 UTC+10:00] [Business] [Factuality: 100]
    Source: Rappler
    Title: [Ask the Tax Whiz] Should we cut taxes – or fix the system – to truly empower the middle class?
    Snippet: Already have Rappler+? Sign in to listen to groundbreaking journalism.
    Read full article: https://www.rappler.com/business/ask-the-tax-whiz-cut-or-fix-system-empower-middle-class/
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    [2026-05-01 15:30 UTC+10:00] [Sport / NRL] [Factuality: 100]
    Source: The Age
    Title: With tax-free money to burn, Chiefs have sent a shudder through the NRL
    Snippet: They are the mysterious underbelly of NRL player riches and stand to send the earning capacity of the PNG Chiefs into the stratosphere.
    Read full article: https://www.theage.com.au/sport/nrl/with-tax-free-money-to-burn-chiefs-have-sent-a-shudder-through-the-nrl-20260430-p5zsnl.html?ref=rss&utm_medium=rss&utm_source=rss_feed
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    [2026-05-01 14:50 UTC+10:00] [All News] [Factuality: 100]
    Source: The Korea Herald
    Title: Lee's approval rating dips to 64 pct over 'excessive' welfare, spending concerns
    Snippet: President Lee Jae Myung's approval rating slipped 3 percentage points to 64 percent this week, with concerns over "excessive" welfare policies cited as a key factor for the decline, a poll showed Friday.
    Read full article: https://www.koreaherald.com/article/10729889
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    [2026-05-01 14:27 UTC+10:00] [General] [Factuality: 100]
    Source: The Manila Times
    Title: BREAKING: Labor and human rights groups stage Labor Day protest in Manila
    Snippet: Labor groups and various human rights organizations have gathered in Manila to stage their annual Labor Day protest. The groups are calling on the government to increase the minimum wage to ₱1,200 and to scrap the 12 percent VAT and excise tax on oil, which they say worsen the hardships faced by ordinary Filipinos amid rising costs.
    Read full article: https://www.manilatimes.net/2026/05/01/videos/breaking-labor-and-human-rights-groups-stage-labor-day-protest-in-manila/2333558
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    [2026-05-01 14:04 UTC+10:00] [General] [Factuality: 100]
    Source: AP News
    Title: Republicans defer to Trump on Iran despite arrival of 60-day deadline
    Snippet: From l-r., Chairman of the Joint Chiefs of Staff Air Force Gen. Danial Caine, Secretary of Defense Pete Hegseth, and acting undersecretary of defense during the Senate Armed Services Committee hearing on the Department of Defense budget, on Capitol Hill, in Washington, Thursday, April 30, 2026. (AP Photo/Cliff Owen)
    Read full article: https://apnews.com/article/iran-congress-war-powers-republicans-trump-authorization-41ef029df176a6486422e9d68aa6d872
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    [2026-05-01 13:02 UTC+10:00] [Australian budget 2026] [Factuality: 100]
    Source: Guardian Australia
    Title: Tax breaks for investors are likely to be scaled back in Albanese’s May budget. But will it make housing cheaper?
    Snippet: The top 10% of Australia’s earners get 90% of the benefit of the CGT, while young Australians are struggling to get into the housing market
    Read full article: https://www.theguardian.com/australia-news/2026/may/01/labor-budget-housing-crisis-capital-gains-tax-negative-gearing
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    [2026-05-01 12:49 UTC+10:00] [General] [Factuality: 100]
    Source: South Korea
    Title: Lee's approval rating dips to 64 pct over 'excessive' welfare, spending concerns
    Snippet: SEOUL, May 1 (Yonhap) -- President Lee Jae Myung's approval rating slipped 3 percentage points to 64 percent this week, with concerns over "excessive" welfare policies cited as a key factor for the decline, a poll showed Friday.
    Read full article: https://en.yna.co.kr/view/AEN20260501001900315
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    [2026-05-01 12:20 UTC+10:00] [General] [Factuality: 100]
    Source: New York Post
    Title: Shaq hilariously tries to revive Hawks after embarrassing first half against Knicks — it didn’t work
    Snippet: The Hawks’ Game 6 deficit to the Knicks got so bad that Shaquille O’Neal tried to revive the team.
    Read full article: https://nypost.com/2026/04/30/sports/shaq-tries-to-revive-hawks-after-first-half-against-knicks/
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    [2026-05-01 12:18 UTC+10:00] [General] [Factuality: 100]
    Source: South Korea
    Title: Foreign buying, holdings of S. Korean government bonds rise after WGBI entry
    Snippet: SEOUL, May 1 (Yonhap) -- Foreign investors increased their purchases and holdings of South Korean government bonds in the month following the country's inclusion in the World Government Bond Index (WGBI), supporting the local debt market, data showed Friday.
    Read full article: https://en.yna.co.kr/view/AEN20260501001800320
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    [2026-05-01 10:16 UTC+10:00] [General] [Factuality: 90]
    Source: New York Post
    Title: Socialist Seattle mayor dismisses millionaires leaving Washington state by waving ‘bye’ to them
    Snippet: Seattle Mayor Katie Wilson laughed and seemed to encourage the notion that millionaires could leave the state of Washington while discussing her support for a progressive tax during an interview earlier this month.
    Read full article: https://nypost.com/2026/04/30/media/socialist-seattle-mayor-dismisses-millionaires-leaving-washington-state-by-waving-bye-to-them/
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    [2026-05-01 09:40 UTC+10:00] [General] [Factuality: 100]
    Source: Zero Hedge
    Title: Here Come The Cancellations: Brookfield-Backed Compass Pulls Out From Major Northern Virginia Data Center Project
    Snippet: Compass Datacenters has decided to withdraw from its plan to develop a major data-center corridor in Northern Virginia after spending years pursuing approvals and investing tens of millions of dollars, according to Bloomberg.
    Read full article: https://www.zerohedge.com/markets/here-come-cancellations-brookfield-backed-compass-pulls-out-major-northern-virginia-data
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    [2026-05-01 09:07 UTC+10:00] [General] [Factuality: 100]
    Source: BBC News
    Title: 'There were letters I didn't want to open': Rise in unpaid debt court cases
    Snippet: Mark Sumner got into more than £2,000 of debt when his energy bills jumped from £80 a month to £220, leaving him scared to look at letters coming through his door.
    Read full article: https://www.bbc.com/news/articles/cwy2ldl1k7do?at_medium=RSS&at_campaign=rss
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    [2026-05-01 08:20 UTC+10:00] [General] [Factuality: 100]
    Source: Zero Hedge
    Title: $25 Billion: Hegseth Accused Of Lowballing Cost Of Iran War
    Snippet: Pentagon chief Pete Hegseth has been in a very public spat and back-and-forth with Congressional Democrats over the Trump administration's $1.5 trillion Pentagon budget request, as well as over Iran war strategy and mounting costs.
    Read full article: https://www.zerohedge.com/military/25-billion-hegseth-accused-lowballing-cost-iran-war
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    [2026-05-01 07:55 UTC+10:00] [General] [Factuality: 100]
    Source: Zero Hedge
    Title: AI Hype Meets Hardware Crunch As US Power Equipment Market Eyes $65 Billion Boom
    Snippet: Wood McKenzie has released a report that US spending on power generation gear for data centers alone could hit $65 billion by 2030, more than triple the $20 billion logged last year. Data center capacity is forecast to reach 110 GW by the end of the decade, with Bloomberg also commenting that “total US spending on power-plant equipment may climb to $215 billion."
    Read full article: https://www.zerohedge.com/energy/ai-hype-meets-hardware-crunch-us-power-equipment-market-eyes-65-billion-boom
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    [2026-05-01 06:56 UTC+10:00] [General] [Factuality: 100]
    Source: ABC News
    Title: Abandoned homes and rising debt could force sales in outback mining city
    Snippet: Topic:Local Government
    Read full article: https://www.abc.net.au/news/2026-05-01/mount-isa-city-council-moves-to-sell-homes-over-unpaid-rates/106623742
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    [2026-05-01 06:00 UTC+10:00] [General Features] [Factuality: 100]
    Source: Daily News
    Title: The Million Dollar wake-up call
    Snippet: Sri Lanka’s fragile journey back to economic stability has suffered several damaging blows over US$2.5 million (SL Rs 800 million) payment due as loan payment to Australia remitted to unknown bank accounts . The revelation that US$2.5 million earmarked for an official debt repayment to Australia was diverted to cyber criminals has exposed alarming weaknesses in the country’s financial control systems, treasury safeguards, and institutional accountability.
    Read full article: https://dailynews.lk/2026/05/01/features/987781/the-million-dollar-wake-up-call/
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    [2026-05-01 06:00 UTC+10:00] [Breaking News] [Factuality: 100]
    Source: Daily News
    Title: Tragic demise of official
    Snippet: Treasury’s External Resources Department Assistant Director Ranga Nishantha Rajapaksa (50) who was suspended and a imposed travel ban over an alleged misdirection of US$ 2.5 million during a debt repayment to Australia was found dead under mysterious circumstances yesterday (30).
    Read full article: https://dailynews.lk/2026/05/01/breaking-news/987954/tragic-demise-of-official/
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    [2026-05-01 05:36 UTC+10:00] [General] [Factuality: 100]
    Source: New York Post
    Title: California billionaires tax in peril as opposing measures backed by Google founder land on ballot
    Snippet: Google co-founder Sergey Brin is backing a pair of ballot initiatives that oppose California’s controversial proposed billionaire tax in a high-stakes showdown ahead of the November election.
    Read full article: https://nypost.com/2026/04/30/us-news/california-billionaires-tax-threatened-by-opposing-measures-backed-by-google-founder-sergey-brin/
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    [2026-05-01 05:30 UTC+10:00] [Politics / Victoria] [Factuality: 100]
    Source: The Age
    Title: Hundreds of millions in state budget for crumbling public schools
    Snippet: Dozens of government schools across Victoria will share $295 million in much-needed building upgrade works to be announced in Tuesday’s state budget.
    Read full article: https://www.theage.com.au/politics/victoria/hundreds-of-millions-in-state-budget-for-crumbling-public-schools-20260430-p5zsou.html?ref=rss&utm_medium=rss&utm_source=rss_feed
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    [2026-05-01 05:00 UTC+10:00] [World / Europe] [Factuality: 100]
    Source: The Age
    Title: Britain raises terror threat level after stabbing of two Jewish men
    Snippet: London: The British public has been told to expect more terror attacks within months after the frenzied stabbing of two Jewish men on a London street, heightening fears of violent antisemitism and prompting the government to outline new spending on community protection.
    Read full article: https://www.theage.com.au/world/europe/britain-raises-terror-threat-level-after-stabbing-of-two-jewish-men-20260501-p5zsrz.html?ref=rss&utm_medium=rss&utm_source=rss_feed
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    [2026-05-01 05:00 UTC+10:00] [Politics / Federal] [Factuality: 100]
    Source: The Age
    Title: Australians have had it with mining companies. A gas exports tax is inevitable
    Snippet: You have reached your maximum number of saved items.
    Read full article: https://www.theage.com.au/politics/federal/australians-have-had-it-with-mining-companies-a-gas-exports-tax-is-inevitable-20260430-p5zset.html?ref=rss&utm_medium=rss&utm_source=rss_feed
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    [2026-05-01 04:40 UTC+10:00] [General] [Factuality: 100]
    Source: ABC News
    Title: Crucial interest rate has broken from the global benchmark, costing us billions
    Snippet: Topic:Government Debt
    Read full article: https://www.abc.net.au/news/2026-05-01/australian-government-bond-yields-cost-to-pay-debt-soars/106626872
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    [2026-05-01 04:34 UTC+10:00] [General] [Factuality: 100]
    Source: AP News
    Title: San Diego County steps in with arts grants amid federal and city cuts
    Snippet: San Diego County supervisors plan to launch a new arts and culture initiative, as the city and federal government are slashing arts funding.
    Read full article: https://apnews.com/article/san-diego-arts-funding-budget-grants-6d4059b4e9b10151819f9dbc2bf202c0
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    [2026-05-01 04:26 UTC+10:00] [General] [Factuality: 100]
    Source: CNBC
    Title: AI boom: Big Tech capital expenditures now seen topping $1 trillion in 2027
    Snippet: Wall Street analysts estimate total AI capital expenditures could now climb above $1 trillion in 2027, following even bigger spending plans unveiled by the hyperscalers during Wednesday's tech earnings.
    Read full article: https://www.cnbc.com/2026/04/30/ai-boom-big-tech-capital-expenditures-now-seen-topping-1-trillion-in-2027-.html
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    [2026-05-01 03:30 UTC+10:00] [News] [Factuality: 100]
    Source: Michael West Media
    Title: Hopes of wartime windfall shot down for federal budget
    Snippet: May 1, 2026 03:30 | News
    Read full article: https://michaelwest.com.au/hopes-of-wartime-windfall-shot-down-for-federal-budget/
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    [2026-05-01 02:57 UTC+10:00] [General] [Factuality: 100]
    Source: AP News
    Title: Trump pulls Casey Means' surgeon general nomination for Nicole Saphier
    Snippet: Dr. Casey Means testifies during a Senate Health, Education Labor and Pension Committee confirmation hearing for U.S. Surgeon General on Capitol Hill, Feb. 25, 2026, in Washington. (AP Photo/Tom Brenner, File)
    Read full article: https://apnews.com/article/trump-surgeon-general-means-saphier-cebadfb452fb577b6cd5254e2e55d86b
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    [2026-05-01 02:47 UTC+10:00] [General] [Factuality: 100]
    Source: AP News
    Title: Tax refunds and AI boom have offset some US economic pain from Iran war and high gas prices, so far
    Snippet: Gasoline prices are displayed at a Mobil gas station on Wednesday, April 29, 2026, in Portland, Ore. (AP Photo/Jenny Kane)
    Read full article: https://apnews.com/article/economy-gas-prices-jobs-iran-4f33f5a6b1427ab1e40bb8a879d69e1b
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    [2026-05-01 02:22 UTC+10:00] [General] [Factuality: 100]
    Source: New York Post
    Title: US economy grew 2% despite Iran war — but Americans’ spending slowed
    Snippet: The US economy accelerated at the start of 2026, expanding at a modest 2% pace from January through March after recovering from last fall’s 43-day federal government shutdown. But the outlook is clouded by the Iran war.
    Read full article: https://nypost.com/2026/04/30/business/gdp-grew-at-a-2-rate-in-first-quarter-despite-iran-war/
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    [2026-05-01 02:11 UTC+10:00] [General] [Factuality: 92]
    Source: New York Post
    Title: Hochul, Mamdani ‘pied-à-terre’ tax won’t raise $500M – and could cost NYC millions: comptroller
    Snippet: Mayor Zohran Mamdani and Gov. Kathy Hochul’s proposed tax on luxury second homes in the Big Apple will fall far short of its $500 million goal — and drive wealthy residents out of the city, according to the city comptroller’s office.
    Read full article: https://nypost.com/2026/04/30/us-news/hochul-mamdani-pied-a-terre-tax-wont-raise-500m-and-could-cost-nyc-millions-comptroller/
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    [2026-05-01 02:02 UTC+10:00] [General] [Factuality: 100]
    Source: The Manila Times
    Title: 'Ayuda' and dependency: Examining the long-term social impact on poverty alleviation
    Snippet: FILIPINOS are generous, there is no doubt. But many cannot pour from an empty cup they have. Their own lifeline is thin, yet they have the lifeline of others to support. A matter they believe they have paid for through the heavy government tax that takes away significant part of their hard-earned incomes.
    Read full article: https://www.manilatimes.net/2026/05/01/opinion/columns/ayuda-and-dependency-examining-the-long-term-social-impact-on-poverty-alleviation/2332998
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    [2026-05-01 02:02 UTC+10:00] [General] [Factuality: 100]
    Source: The Manila Times
    Title: MTRCB reports ‘very satisfactory’ rating
    Snippet: The Movie and Television Review and Classification Board (MTRCB) received a “very satisfactory” performance rating from the Department of Budget and Management (DBM) for 2025 as it reported reviewing more than 33,000 materials in the first quarter of 2026.
    Read full article: https://www.manilatimes.net/2026/05/01/entertainment-lifestyle/show-times/mtrcb-reports-very-satisfactory-rating/2333070
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    [2026-05-01 02:01 UTC+10:00] [General] [Factuality: 100]
    Source: The Manila Times
    Title: Infra spending to stay subdued in H1 – DBM
    Snippet: ERROR 404 page not found Click here to go to the home page
    Read full article: https://www.manilatimes.net/2026/05/01/business/top-business/infra-spending-to-stay-subdued-in-h1-dbm/2332749
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    [2026-05-01 02:00 UTC+10:00] [General] [Factuality: 100]
    Source: CNBC
    Title: Apple eyes iPhone growth in first earnings report since Tim Cook's announced exit
    Snippet: Apple reports fiscal second-quarter earnings on Thursday, its first time facing Wall Street since the announcement last week that Tim Cook will be stepping down as CEO after 15 years on the job.
    Read full article: https://www.cnbc.com/2026/04/30/apple-aapl-q2-2026-earnings-report.html
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    [2026-05-01 01:48 UTC+10:00] [General] [Factuality: 100]
    Source: Nikkei Asia
    Title: Hitachi, Advantest ride AI boom to lead Japan Inc. profit bonanza
    Snippet: Profit at Advantest more than doubled last fiscal year due to strong sales of chip testing tools. (Photo by Hazumu Urushiyama)
    Read full article: https://asia.nikkei.com/business/technology/artificial-intelligence/hitachi-advantest-ride-ai-boom-to-lead-japan-inc.-profit-bonanza
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    [2026-05-01 01:21 UTC+10:00] [Budget] [Factuality: 100]
    Source: Politico
    Title: Zinsfalle oder Wachstumsschub? Jens Südekum über die neuen Rekord-Schulden
    Snippet: Der wirtschaftspolitische Podcast von POLITICO Deutschland.
    Read full article: https://www.politico.eu/podcast/power-and-policy/zinsfalle-oder-wachstumsschub-jens-sudekum-uber-die-neuen-rekord-schulden/?utm_source=RSS_Feed&utm_medium=RSS&utm_campaign=RSS_Syndication
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    [2026-05-01 00:38 UTC+10:00] [General] [Factuality: 100]
    Source: AP News
    Title: Mark Sanford drops bid for Congress in South Carolina
    Snippet: Mark Sanford, former congressman and South Carolina governor, takes questions from reporters as he campaigns for his former U.S. House seat at a Dorchester County GOP event Thursday, April 9, 2026, in Summerville, S.C. (AP Photo/Meg Kinnard)
    Read full article: https://apnews.com/article/mark-sanford-south-carolina-congress-campaign-debt-6bfdc19b8d731b31f3077f1a8a975ab2
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    [2026-05-01 00:16 UTC+10:00] [General] [Factuality: 100]
    Source: New York Post
    Title: House adopts blueprint to fund ICE on day 74 of DHS shutdown after dramatic 5-hour struggle
    Snippet: WASHINGTON — House Republicans barely passed a budget blueprint to unlock more than $70 billion in future funding for immigration enforcement late Wednesday in a vote that was held open for more than five hours due to intra-party disputes.
    Read full article: https://nypost.com/2026/04/30/us-news/house-adopts-blueprint-to-fund-ice-on-day-74-of-dhs-shutdown-after-dramatic-5-hour-struggle/
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    [2026-04-30 23:57 UTC+10:00] [General] [Factuality: 95]
    Source: AP News
    Title: Expert tips for dealing student loan debt
    Snippet: (AP Illustration / Eva Malek)
    Read full article: https://apnews.com/article/money-happens-personal-finance-student-loan-debt-a687ab0c2487b8f825ce0260e26d041b
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    [2026-04-30 23:48 UTC+10:00] [General] [Factuality: 95]
    Source: AP News
    Title: Expert tips for managing medical debt
    Snippet: (AP Illustration / Eva Malek)
    Read full article: https://apnews.com/article/money-happens-personal-finance-medical-debt-6a561cfb685569495ea0c5a8248b7954
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    [2026-04-30 23:48 UTC+10:00] [General] [Factuality: 100]
    Source: The Manila Times
    Title: Legarda: There are bills filed to suspend VAT—will the Palace support them?
    Snippet: SENATOR Loren Legarda on Wednesday urged Malacañang to take a clear stand on the suspension of value-added tax (VAT) on fuel, following statements that such a move requires an act of Congress.
    Read full article: https://www.manilatimes.net/2026/04/30/tmt-newswire/legarda-there-are-bills-filed-to-suspend-vatwill-the-palace-support-them/2332925
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    [2026-04-30 23:11 UTC+10:00] [Business] [Factuality: 100]
    Source: Guardian Australia
    Title: US economic growth rebounds 2% as consumer spending slows amid Iran war
    Snippet: First quarter output, driven by AI investment and government spending, rose as oil shock fuels inflation fears
    Read full article: https://www.theguardian.com/business/2026/apr/30/gdp-consumer-spending-slows-iran-war
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    [2026-04-30 23:04 UTC+10:00] [General] [Factuality: 100]
    Source: Zero Hedge
    Title: Core PCE Rises Most In 3 Years; Savings Rate Tumbles As Spending Far Outpaces Income
    Snippet: The Fed's favorite inflation indicator - Core PCE - rose 0.3% MoM in January (as expected), a dip from the 0.4% sequential increase in February, with YoY rising by 3.2% (also as expected), slightly higher than the 3.0% in Feb. That is the highest annual increase in Core PCE since Nov 2023.
    Read full article: https://www.zerohedge.com/markets/core-pce-rises-most-3-years-savings-rate-tumbles-spending-far-outpaces-income
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