Personal Income

Consumer spending increased, and so did the Fed’s benchmark

The personal consumption expenditures surprisingly rose while consumers increased their spending in January. Consumer spending increased and inflation picked up in January, likely setting the Federal Reserve on course to continue raising interest rates in the months to come in order to reduce pricing pressures.  According to estimates released by […]

5 things to watch ahead of the March personal income release

The Bureau of Economic Analysis will release the personal income report from March on Friday, which is expected to show the most promising sign of economic recovery since the onset of the COVID-19 pandemic.  Impact of Stimulus Checks  The consensus amongst economists anticipates a personal income growth of at least […]

Hispanic Economic Progress: Surging Faster but Still Behind

When President Trump visited Florida last month, he highlighted one achievement in particular: the economic progress made by Hispanics, a group that has strongly opposed Trump because of his immigration policies. The unemployment rate for Hispanics had hit 4.8 percent in October, a record low, and has remained at about […]