Personal income ticked up in July after two declines, reflecting a further increase in wages and salaries and small gains in proprietors’ income and rental income. At the same time, consumer spending increased in each of the last three months, though at a progressively slower rate. Consumption is running well above the second quarter average, […]
Personal income fell in May after a large runup in April on government stimulus payments, while spending surged as businesses partially reopened, the Commerce Department reported Friday. Personal income fell by 4.2% in May ahead of the 6.0% decline expected after a 10.8% jump in April. Current transfer receipts fell by $1.1 trillion after a […]
After solid improvement in the May US data released over the last two weeks, the focus in the coming week turns to the early-June regional conditions data. June readings from the New York Fed and Philadelphia Fed released this previous week indicated continued improvement, with the Philadelphia Fed’s reading indicating positive growth in the region […]
