savings

Personal Income and Spending Both Rose 0.2% in October as PCE Prices Remained Subdued

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One of the more consequential economic releases we get monthly from the Bureau of Economic Analysis is on Personal Income and Outlays, which in addition to the important personal income data, also reports the monthly data on our personal consumption expenditures (PCE), which as we saw is the major component of GDP..  From that data, the BEA also computes personal savings and the national savings rate, as well as a

May Incomes and Spending Increase, Reversing April Declines; PCE Core Inflation Remains Near Record Low

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  The key monthly release of the past week was on Personal Income and Outlays for May from the BEA, which gives us several important metrics, including PCE (personal consumption expenditures), which accounts for 70% of US economic activity, and the PCE price index, targeted by the Fed in recent rounds of quantitative easing.