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Bloomberg Business: U.S. Savings Rate Reaches Two-Year High Even With Low Gas Prices
©2015 Bloomberg News Shobhana Chandra (Bloomberg Business) — A booming job market and cheaper fill-ups at the gas pump should be giving millions of Americans more reasons to spend. Instead, they’re salting away the extra savings. The saving rate jumped in February to 5.8 percent, the highest since December 2012 and
U.S. Stocks Rise Amid Optimism Economy Can Handle Higher Rates
published May 25th 2016, 3:29 pm, by Oliver Renick (Bloomberg) — U.S. stocks posted the strongest two-day rally in nearly three months, as signs of a stronger economy spurred speculation it can withstand higher interest rates. Banks in the S&P 500 led Wednesday’s move, reaching their highest level since Jan.
