Personal income increased 0.4%, or $92 billion, in December 2024, the Commerce Department said today. The personal savings rate — a percentage of disposable personal income — was 3.8%. Meanwhile, personal consumption expenditures increased 0.7%, or $133.6 billion.
Appeals court upholds Fed decision to deny crypto firm master account
A federal appeals court ruled that the Federal Reserve is not obligated to grant a master account to a cryptocurrency firm, as the move would “impair the Fed’s ability to safeguard our nation’s financial system.”











