Haberler      English      العربية      Pусский         Kurdî      Türkçe Delivering News and Insights Around the World Keltis
  En.Haberler.Com - Latest News
SEARCH IN NEWS:
  HOME PAGE 08/12/2021 09:35 
24.11.2021 21:12 News >> US Personal Income, Spending Rise In October Beyond Estimates

US Personal Income, Spending Rise In October Beyond Estimates

Fed's preferred inflation indicator core PCE price index up 4.1% year on year, highest since January 1991.

Personal income and spending in the US increased in October beyond the market estimates, according to the Commerce Department's Bureau of Economic Analysis report on Wednesday.
In October, personal income increased $93.4 billion, or 0.5%, from the previous month. Market expectation for personal income was a rise of 0.2%, after it declined 1% in September.
Personal spending soared $214.3 billion, or 1.3% in October from the month before. Market estimate for personal spending was an increase of 1% in September, while it rose 0.6% in the previous month.
The personal consumption expenditures (PCE) price index, the Federal Reserve's preferred inflation indicator, increased 0.6% in October. Core PCE price index, excluding food and energy, rose 0.4% from the previous month.
PCE price index increased 5% annually, marking its fastest jump since November 1990.
Core PCE price index gained 4.1% year-on-year, the sharpest increase since January 1991. -



        Latest News
Diary 26 minutes ago...
Here are the main topics Anadolu Agency's English Desk plans to cover on Wednesday, Dec. 8, 2021.
Anadolu Agency's Morning Briefing - Dec. 8, 2021 11 minutes ago...
Daily briefing on novel coronavirus pandemic worldwide, Turkey, other developments.
2 Soldiers Killed In Daesh/ISIS Terrorist Attack In Northern Iraq -19 minutes ago...
Attack targeted Iraqi army post in Kirkuk province, says police spokesman.
Nigeria's Lagos State Declares Beginning Of 4Th Wave Of COVID Pandemic 26 minutes ago...
Virus cases increasing due to failure of citizens to comply with preventive measures, says governor.
US Senate Rejects Resolution Disapproving Military Sales To Riyadh -4 minutes ago...
Joint resolution sought to block sale of $650 million worth of air to air missiles and related equipment to kingdom.

 
      Top News
Iran Slams New US Sanctions Over Alleged Rights Abuses Iran Slams New US Sanctions Over Alleged Rights Abuses
Turkey, Qatar Sign 15 New Agreements To Develop Bilateral Ties Turkey, Qatar Sign 15 New Agreements To Develop Bilateral Ties
Romania Announces New COVID-19 Travel Restrictions Over Omicron Variant Romania Announces New COVID-19 Travel Restrictions Over Omicron Variant
Palestinian Lady Tailor's Reminiscences Of First Intifada Palestinian Lady Tailor's Reminiscences Of First Intifada
China's Wang Yi Stresses 'Trust' In Ties With India China's Wang Yi Stresses 'Trust' In Ties With India
Spain Sees Wave Of Labor Unrest Amid Rising Inflation, Uncertain Pandemic Recovery Spain Sees Wave Of Labor Unrest Amid Rising Inflation, Uncertain Pandemic Recovery
Diary Diary
Hundreds Demonstrate In Sudan Against Deal With Military Hundreds Demonstrate In Sudan Against Deal With Military
Euro Banknotes Set For Redesign By 2024 Euro Banknotes Set For Redesign By 2024
Germany's Chancellor-Designate Announces Key Cabinet Picks Germany's Chancellor-Designate Announces Key Cabinet Picks