Core inflation hit an annual rate of 3.3% in April, as expected, Fed's preferred gauge shows

[progree]

8. Personal savings rate in April: 2.6%, down from 5.8% a year earlier, as American's confidence in Trump economy soars

(Ok, I made up the last half of the title above, they don't call me Trollgree for nuthin')

Americans’ savings rate falls to lowest level since 2022 as inflation outpaces paychecks, CNBC, 5/29/26
. . .

The personal savings rate — defined as the share of income Americans have after taxes and expenses — hit 2.6% in April, according to data from the Bureau of Economic Analysis released on Thursday. That's down from 3.2% in March, and 5.8% a year prior.

"I thought 2.6% for April was a typo at first. It is so low," Heather Long, chief economist at Navy Federal Credit Union, said in an email. "Outside of the revenge spend era of 2022, the personal savings rate has almost never been this low in the past 65 years."

. . .

"Even with tax cuts, paychecks aren't keeping up with inflation right now," said Long. "It's more than just high gas prices. It's rising electricity, healthcare and food prices. These are the basics that people must pay. It's harder to skimp on these items."

. . .

Amid the savings crunch, many Americans are relying on credit to get by. Over a third — 37% — of Americans say they will have to use a credit card, Buy Now Pay Later or other type of loan to cover at least some of their expenses this month, a new NerdWallet survey found.

MORE:https://www.msn.com/en-us/money/markets/americans-savings-rate-falls-to-lowest-level-since-2022-as-inflation-outpaces-paychecks/ar-AA24iAms

"the revenge spend era of 2022" is when the Covid shutdowns and restrictions were over and people got out and did catch-up spending after nearly a year of privation.

The savings rate comes from the report that is the subject of the OP's article (that report is about much more than PCE inflation, its also about personal income and personal spending). The link in the OP repeated for convenience:
https://www.bea.gov/news/2026/personal-income-and-outlays-april-2026

The above link mentions the April 2.6% savings rate, but doesn't have the April figure from a year ago. The graph they show under the title, "Disposable Personal Income, Outlays, and Saving" goes back to October. The savings rate is the black line on that graph. One can see that last October it was about 4.0%, and this January, 5.0% (read the right hand side scale).