... The numbers: A key measure of inflation also included in the report, meanwhile, also rose 0.6% last month, government figures showed. So real spending actually declined.
Big picture: The economy has accelerated since omicron faded. Americans are still spending plenty of money, while businesses are investing and hiring at a healthy clip. The U.S. is expected to add another half-million new jobs in March. They cut spending on new cars and trucks. New vehicles are hard to find because of major production delays, and even when they are ready for purchase, some customers have been put off by record prices and rising interest rates.
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