The following US economic statistics were announced today:

Personal Income rose 0.4% in September while personal spending rose 0.8%. The PCE price index jumped 0.4%, while the core rate was more modest with a 0.1% rise. On a year-over-year basis, the PCE price index rose 1.7% at the core and headline levels.

The Dallas Fed general business activity index in October rose 0.7 points to –0.9, indicating a slightly slower rate of contraction.

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Dale Franks
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