Personal income increased 1%, or $233.7 billion, in January, the Commerce Department said today. The personal savings rate—a percentage of disposable personal income—was 3.8%. Meanwhile, personal consumption expenditures increased 0.2%, or $43.9 billion.
FinCEN issues advisory on Iran-backed terrorist organizations
FinCEN issued an advisory to assist financial institutions in detecting potentially illicit transactions related to Iran-backed terrorist organizations.