- U.S. consumer spending rose by 1.3% in October, beating economists’ expectations of 0.9%.
- Personal income increased by 0.5%, or by $93.4 Billion, in October.
- The overall personal consumption expenditures price index rose 0.6% in October and is up 5.0% from a year prior.
- The core personal consumption expenditures price index, which excludes food and energy, rose 0.4% in October and is up 4.1% from the previous year.
- The Right Facts will continue to monitor spending and income.