The rise in energy prices caused by the Iran war kept the Personal Consumption Expenditures (PCE) Price Index at a high level in April, indicating that consumers may have relied more on their savings as incomes stagnated.

The rise in energy prices caused by the Iran war kept the Personal Consumption Expenditures (PCE) Price Index at a high level in April, indicating that consumers may have relied more on their savings as incomes stagnated.

老虎证券2026/05/28 15:07

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The U.S. Department of Commerce stated that the personal savings rate is 2.6%, reaching a level not seen since 2022. Meanwhile, income growth slowed compared to the previous month. “Slower income growth combined with a declining savings rate has raised concerns about the future resilience of consumers, especially low-income households,” wrote Raymond James Chief Economist Eugenio Aleman.

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The rise in energy prices caused by the Iran war kept the Personal Consumption Expenditures (PCE) Price Index at a high level in April, indicating that consumers may have relied more on their savings as incomes stagnated.

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