Further evidence of robust household income and spending growth was on display inside the December U.S. personal income, spending and PCE report released on Friday. In a separate report, the Employment Cost Index increased by 0.9% in the fourth quarter with overall compensation increasing by 3.8% and ... READ MORE >
U.S. personal income and spending
Morning market minute: How tariffs fall harder on lower-income households
Economic inequality in the United States has been a fact of life for decades. And the tariffs that President-elect Donald Trump is proposing will fall squarely on the shoulders of U.S. households, particularly those with lower incomes. Read RSM's global economic outlook in the latest issue of The ... READ MORE >
Inflation proving stubborn as major policy changes await
A robust 0.4% increase in personal spending and a 0.6% increase in personal income in October underscore just how strong the economy and households have been ahead of the critical holiday spending season. But at the same time, the strong spending and income data, released on Wednesday by the Commerce ... READ MORE >
American consumers continue to spend despite sticky inflation
Spending remained strong in March on the heels of robust income growth despite sticky inflation, according to Commerce Department data released on Friday. The data pointed to the underlying strength of the economy and provided a rebuttal of sorts to the disappointing gross domestic product figure ... READ MORE >
U.S. spending and inflation improve above expectations
The economy was much stronger than expected in February as data on both spending and inflation exceeded forecasts. Spending rose by 0.8% on the month, compared with the forecast of 0.5%, while the personal consumption expenditures index—an inflation measure closely watched by the Federal ... READ MORE >
U.S. income and spending see strong gains as year nears an end
This past year was a remarkable one in the American economy as inflation eased, employment gains remained rock solid and household consumption advanced at a robust pace. November’s personal income and spending report, released by the Commerce Department on Friday, showed a 0.4% monthly increase in ... READ MORE >