Municipal Bond Credit Report: US consumer spending plunges 7.5% in March, reflecting virus – – CNBC

Municipal Bond Credit Report: U.S. consumer spending plunged 7.5% in March, reflecting the growing impact of the coronavirus pandemic as Americans complied with stay-at-home orders. The Commerce Department said that the spending decline was the sharpest monthly drop on records that go back to 1959, exceeding the previous record, a decline of 2.1% in January 1987… Link to Story