The mostly-good news:
Personal income increased $133.2 billion, or 1.0 percent ... Personal consumption expenditures (PCE) increased $23.7 billion, or 0.2 percent.
Moderated by this:
Real PCE -- PCE adjusted to remove price changes -- decreased 0.1 percent in January, in contrast to an increase of 0.3 percent in December
OTOH, personal savings is now at ~6%, and the trend-line of PCE is up, solidly, over the last several quarters.
HT: CalcRisk
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1 comment:
How's your favorite commodity treating your these days, Dadster?
Copper.
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