Today’s economic statistical releases:

Personal income increased by 0.1% last month, while spending increased by 0.6%. Year-over-year income rose 4.4% while spending rose 5.3%. The core PCE price index was unchanged last month, and up 1.6% on a year-over-year basis.

Thanks to a slowdown in the growth of benefit costs, the Employment Cost Index rose far less than expected, 0.3%. ECI is up 2% on a year-over-year basis.

A little optimism is leaking into Consumer Sentiment, as it rose to 60.9 in the latest tally.

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Dale Franks
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