by Bill McBride on 10/30/2015 08:32:00 AM
Friday, October 30, 2015
From the BEA, the Personal Income and Outlays report for September:
Personal income increased $18.6 billion, or 0.1 percent ... in September, according to the Bureau of Economic Analysis.On inflation: the PCE price index was up 0.2% year-over-year (the decline in oil prices pushed down the headline price index). However core PCE is only up 1.3% year-over-year - still way below the Fed's target.
Real PCE -- PCE adjusted to remove price changes -- increased 0.2 percent in September, compared with an increase of 0.4 percent in August. ... The price index for PCE decreased 0.1 percent in September, compared with a decrease of less than 0.1 percent in August. The PCE price index, excluding food and energy, increased 0.1 percent in September, the same increase as in August.
The September price index for PCE increased 0.2 percent from September a year ago. The September PCE price index, excluding food and energy, increased 1.3 percent from September a year ago.
Posted by Bill McBride on 10/30/2015 08:32:00 AM