Update Economic USA Personal Income

Personal income increased $67.1 billion which was better than the previous month increase of $58.4 billion. Disposable personal income increased by $71.7 billion which was also better than the previous month of a $56.5 billion increase. The Personal Consumption Expenditure measure also increased by $7.3 billion which is the favorite measure of the current Federal Reserve. The personal savings rate increased 0.2 percentage points to 5.5% up from 5.3%. Personal income data was encouraging and not necessarily inflationary.

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Posted by Steve Albrecht