The Bureau of Economic Analysis will release tomorrow the latest Personal Income and Outlays report. Economists surveyed by Bloomberg forecast a month-to-month personal income increase by 0.2% compared to 0.3% in February. Here are five things to watch in the March report: The Fed can’t stop growth but it can […]
Personal consumption expenditures decreased on a month-to-month basis, while wages in the private sector continue to increase Consumers considerably slowed their spending in February, but not enough to deter the Federal Reserve’s plan to continue raising interest rates in the coming months. U.S. households reduced their spending in February to […]
As interest rates continue to increase credit card debt balances will cause strains to people in their 20s and 30s When the pandemic cut Dominique Bell’s work as an Arizona social worker in half, she had no choice but to spend the federal pandemic aid she received and to run […]
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 […]
An unexpected cross-country trip wasn’t something Jenavy Castro-Hernandez thought she and seven other family members would be doing, but when her uncle’s job sent him to New York, they packed their things, ready to meet him there by March 14. Arranging five children and three adults into her aunt’s old […]
Personal income and consumer spending both declined in February as a result of brutal winter weather which shutdown much of the nation during the end of the month, along with a dropoff from stimulus checks from January. The report released from the Bureau of Labor Analysis showed a personal income […]
Consumer prices continued to move upward in February in the latest sign that Americans continue to grapple with surging energy prices. The consumer-price index rose in February to 0.4% from 0.3% in January the U.S. Labor Department said Wednesday. Rising gas prices drove the increase as the gasoline index rose 6.4% […]
Personal income surged in January as Americans received $600 stimulus checks, leading to new optimism about the nation’s recovery from the pandemic. The monthly report issued by the Bureau of Economic Analysis for January noted a personal income increase of 10%, the second largest on record, was aided by federal […]
Consumer prices increased slightly in February due to higher rents and food costs, but prices in the U.S. are expected to slow or even decline in the coming months as the U.S. economy sees the effects of the coronavirus take hold. As the virus continues to spread it will continue […]
This morning the Commerce Department will publish its count of all the retail products and services sold in March. Here are five things to look for when the numbers are released at 8:30 EDT. 1. Auto sales will accelerate… but not too fast Motor vehicle sales are 20 percent of […]