US Personal Income m/m
Income is correlated with spending - the more disposable income consumers have, the more likely they are to increase spending;
- US Personal Income m/m Graph
- History
Expected Impact / Date | Actual | Forecast | Previous |
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Jun 28, 2024 | 0.5% | 0.4% | 0.3% |
May 31, 2024 | 0.3% | 0.3% | 0.5% |
Apr 26, 2024 | 0.5% | 0.5% | 0.3% |
Mar 29, 2024 | 0.3% | 0.4% | 1.0% |
Feb 29, 2024 | 1.0% | 0.4% | 0.3% |
Jan 26, 2024 | 0.3% | 0.3% | 0.4% |
Dec 22, 2023 | 0.4% | 0.4% | 0.3% |
Nov 30, 2023 | 0.2% | 0.2% | 0.4% |
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- US Personal Income m/m News
- From srikonomics.substack.com|33 hr ago|2 comments
There were few surprises in yesterday’s release of the May data on Personal Consumption Expenditure price index by the US Bureau of Economic Analysis. Publication of the Consumer Price and Producer Price Indexes earlier in June had already suggested that the PCE numbers would be benign because of the components of the CPI and PPI that feed into it. PCE prices were flat in May from April, slowing from the 0.3% rise posted the previous month. The year-over-year gain slowed from 2.7% in April to 2.6% in May. Yet, we had a senior Federal ...
- From cnn.com|Jun 28, 2024
Prices in the US didn’t rise in May, lending a welcome reprieve to cost-wary Americans and helping to bring inflation even closer to normal levels. The Personal Consumption Expenditures price index — a closely watched inflation gauge that the Federal Reserve uses for its 2% target — was unchanged from April and slowed to 2.6% for the 12 months ended in May from 2.7% the month before, according to Commerce Department data released Friday. It’s the first time since November that prices didn’t increase on a monthly basis. Cheaper prices ...
- From think.ing.com|Jun 28, 2024
The May personal income and spending report has offered some encouragement that inflation pressures are easing once again after coming in far too hot in the first three months of the year. The core personal consumer expenditure deflator, a broader measure of inflation pressures than CPI that the Fed prefers to focus on, came in at 0.1% MoM/2.6% YoY. This was expected given the read through from components within the CPI and PPI reports, but after plenty of upside surprises this year, it is a relief. The headline measure (including ...
- From bea.gov|Jun 28, 2024|1 comment
Personal income income increased $114.1 billion (0.5 percent at a monthly rate) in May, according to estimates released today by the Bureau of Economic Analysis (tables 2 and 3). Disposable personal income (DPI), personal income less personal current taxes, increased $94.0 billion (0.5 percent) and personal consumption expenditures (PCE) increased $47.8 billion (0.2 percent). The PCE price index decreased less than 0.1 percent. Excluding food and energy, the PCE price index increased 0.1 percent (table 5). Real DPI increased 0.5 ...
- From mishtalk.com|Jun 1, 2024|6 comments
More weakening: Real (inflation-adjusted) Income and spending was negative in April. The PCE price index remained flat at 0.3 percent for the month and 2.7 percent for the year. chart Personal Income and Outlays, April 2024 The BEA’s Personal Income and Outlays report for April shows no further progress on the inflation front and weakening consumer spending. PCE stands for Personal Consumption Expenditures. The PCE price index is the Fed’s preferred measure of inflation. Key Income and Outlays Details • Real Income was negative for ...
- From think.ing.com|May 31, 2024|3 comments
So the Federal Reserve's preferred measure of inflation, the core personal consumer expenditure deflator, has come in at 0.2% month-on-month - the consensus had been swinging between 0.2% and 0.3% all week largely because based on the inputs from the PPI and CPI reports, the general sense was that it would come in at somewhere between 0.22 and 0.28% to two decimal places. In the end, it came in at 0.249% - so just a tiny fraction away from a 0.3% print - we need to see it consistently hit 0.17% month-on-month to bring inflation down ...
- From bea.gov|May 31, 2024|19 comments
Personal income increased $65.3 billion (0.3 percent at a monthly rate) in April, according to estimates released today by the Bureau of Economic Analysis (tables 2 and 3). Disposable personal income (DPI) —personal income less personal current taxes—increased $40.2 billion (0.2 percent) and personal consumption expenditures (PCE) increased $39.1 billion (0.2 percent). The PCE price index increased 0.3 percent. Excluding food and energy, the PCE price index increased 0.2 percent (table 5). Real DPI decreased 0.1 percent in April and real PCE decreased 0.1 percent; goods decreased 0.4 percent and services increased 0.1 percent (tables 3 and 4). table | post: The core PCE price index rose 0.25% in April (it rounded down to 0.2% because it was 0.249%) Jan-March figures were revised down ever so slightly. The 12-month change was 2.75%, a three-year low The 6-month annualized rate was 3.18%, the highest since July pic.twitter.com/boKVU2IxLA post: The 3-month annualized rate was 3.46%, down from the previous two months but still higher than any point in 2H 2023 This report was largely anticipated two weeks ago and won't change much of anything for the near-term Fed outlook of "wait and see."The Fed’s favorite inflation gauge showed little progress last month Inflation remained sticky in April, as a closely watched measure of price changes was unchanged from the month before, providing yet another reminder of stubborn price pressures. The Personal Consumption Expenditures price index — a closely watched inflation gauge that the Federal Reserve uses for its 2% target — rose 0.3% from the month before, resulting in an annual rate of 2.7% that matched March’s gain, according to Commerce Department data. Although Friday’s report served as yet another reminder that slowing down inflation is a bumpy process, the results weren’t a surprise. Economists, by and large, weren’t expecting much of a meaningful shift in the inflation gauges. Both the monthly and annual increases in the overall and core index were projected to be unchanged from March, according to FactSet consensus estimates.
- From fxstreet.com|May 31, 2024
The core Personal Consumption Expenditures (PCE) Price Index, the US Federal Reserve’s (Fed) preferred inflation measure, will be published on Friday by the US Bureau of Economic Analysis (BEA) at 12:30 GMT. The core PCE Price Index, which excludes volatile food and energy prices, is seen as the more influential measure of inflation in terms of Fed positioning. The index is forecast to rise 0.3% on a monthly basis in April, matching March’s increase. April core PCE is projected to grow at an annual pace of 2.8%, while headline PCE ...
Released on Jun 28, 2024 |
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Released on May 31, 2024 |
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