Still another economist remarking the consumer took from savings to cover spending, a sure sign of unseen consumer inflation. In the numbers we see M1 velocity dropping, the consumer is slowing down, and will inrease the rate of slow down. But, in the aggregate, this is not seen until a month down the road when the downward revisions begin. But,but,... the economists spotted this right away. You bet, makes it very interesting and a rubber neckers puzzle unfolding.
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