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Author: Marguerite Ward
Personal Spending Will Pick Up, But Wages Continue to Lag
By Marguerite Ward Thursday’s personal income and outlays report will show strong personal spending that continues to outpace personal income. Personal income will likely rise by 0.2 percent for this month, down from 0.4 in February, according to a Bloomberg survey of 69 economists. The slowing personal income growth rate […]
Consumers May Have Hit Their Savings Peak
April 1, 2015 By Marguerite Ward A steady rise in personal income and an uptick in consumer spending suggest that slowly, but surely, the consumer will soon emerge from winter hibernation. Personal income in Feb. increased $58.6 billion, or 0.4 percent, outpacing the Jan. growth rate of 0.3 percent. Disposable […]
Refinery Strikes Had Little Impact on Gas Prices That Will Continue to Fall
By Marguerite Ward Some experts speculated that the United Steelworkers strike, the largest oil refinery strike in over three decades, would send gas prices upward. But after six weeks, the strike is essentially over and gas prices are set to fall again. Right before the strike ended, Fitch Analytics released […]
Personal Income Growth Falls Short, Spending Down in First Report of 2015
By Marguerite Ward Personal income grew less than expected and personal spending decreased more than expected in January. Still, both indicators are faring better on a year-over-year basis. The January report, released by the Bureau of Economic Analysis, disappointed economists who hoped recent increases in wages and total number of […]