Personal Income, Spending Both Reports As Expected

Posted by Charles Gunning

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Personal Income at $14.188 trillion,  rose 0.4% in August as expected, up from an upward revised 0.2% in July.

On spending, US Personal Outlays were $11.94 trillion, an increase of 0.3% from July, and also higher than the upwardly revised July spending of 0.2%. The PCE Deflator came in at 0.1%, as expected, while the PCE Core rose 0.2% compared to expectations of 0.1% and up from 0.1% last month.