Americans finally have more money in their pockets

Thanks in part (er, mostly) to low gas prices, Americans are finally seeing decent real wage growth. This, as Deutsche Bank's Torsten Sløk points out, could mean really good things for consumer spending.

Deutsche Bank/Torsten Sløk

In other news, Aditya Aladangady and Claudia Sahm at the Fed took a look at whether lower gas prices boost confidence. They find that the answer is, generally, yes.

So get ready for more spending!