UBS On-Air: Paul Donovan Daily Audio 'Saving the US consumer'

A higher revised US savings rate gives consumers more runway to keep spending despite tariff and oil-price pressures.

• Savings rate revised higher: The historical US savings rate was revised upward at both start and end points, giving consumers more cushion to draw down before hitting a floor.
• Inflation data noise: Stable PCE deflator readings reflected a technical calculation-method change, not real-world relief from the US affordability crisis, per Donovan.

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