Consumers expect an uptick in short-term inflation, but longer-term decline, according to the Federal Reserve Bank of New York’s monthly Survey of Consumer Expectations. Respondents also weighed in on the labor market expectations, income growth and household financials in the year ahead.
Personal income increased $1.6 billion in November, or less than 0.1%, according to the Bureau of Economic Analysis, down from a 0.5% increase in October. Personal consumption expenditures also increased, rising 0.2% or $24.0 billion. Disposable personal income – personal income less personal taxes – decreased $1.3 billion, or less than 0.1%. The personal savings
Income growth outpaced spending in October, pushing the savings rate up. Personal income increased 0.6% ($98.6 billion) in October according to the Bureau of Economic Analysis, up from a 0.4% increase in September. Personal consumption expenditures also increased, rising 0.3% or $38.1 billion. Disposable personal income – personal income less personal taxes – increased $86.5
Personal income increased 0.3% ($46.7 billion) in September according to the Bureau of Economic Analysis, up from a 0.2% increase in August. Personal consumption expenditures also increased, rising 0.5% or $61.0 billion. Disposable personal income – personal income less personal taxes – increased 0.3% after rising 0.2% in August. The personal savings rate – personal
Personal income increased 0.2% ($39.3 billion) in August according to the Bureau of Economic Analysis, down from a 0.4% increase in July. Personal consumption expenditures also increased, rising less than 0.1% or $6.2 billion. Real disposable personal income – personal income less personal taxes – increased 0.1% after rising 0.3% in July. The personal savings
Personal income increased 0.4% ($71.6 billion) in July, according to the Bureau of Economic Analysis, up from a 0.3% increase in June. Personal consumption expenditures also increased, rising 0.3% or $42.0 billion. Real disposable income – personal income less personal taxes – increased 0.4% after rising 0.2% in June. The personal savings rate – personal
Personal income increased 0.2% ($29.3 billion) in June, according to the Bureau of Economic Analysis, the same increase as in May. Personal consumption expenditures also increased, rising 0.4% or $53.0 billion. Real disposable income – personal income less personal taxes – increased 0.1%, after remaining unchanged in May. The personal savings rate – personal savings
Personal income increased 0.2%, $37.1 billion in May, according to the Bureau of Economic Analysis, down from a 0.5% gain in April. Personal consumption expenditures also increased, rising 0.4% or $53.5 billion. Real disposable income – personal income less personal taxes – increased 0.1%, compared with a 0.2% increase in April. The personal savings rate
Personal income increased 0.4%, $57.4 billion, in March, according to the Bureau of Economic Analysis, up from a 0.1% gain in February. Personal consumption expenditures also increased, rising 0.1% or $12.8 billion. Real disposable income – personal income less personal taxes – increased 0.3% in March, compared to a 0.2% increase in February. The personal