Here comes personal income and spending ...


Personal income and spending rose a little less than expected in September.


Both personal income and spending rose 0.1%.

"Core" personal consumption expenditures (PCE), a measure of inflation, rose 0.1% month-on-month, and increased 1.3% compared to the prior year.

Economists had estimated that personal income and spending each rose 0.2% in month-on-month.

They had forecast that "core" personal consumption expenditures increased 0.2% month-on-month, and 1.4% year-on-year.


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