- U.S. consumer spending rose by 0.8% in August, beating economists’ expectations.
- Personal income increased by 0.2%, or by $35.5 Billion, in August.
- The overall personal consumption expenditures price index rose 0.4% in August and is up 4.3% from a year prior.
- The core personal consumption expenditures price index, which excludes food and energy, rose 0.3% in August and is up 3.6% from the previous year.
- The Right Facts will continue to monitor spending and income.