August personal income rose 0.4% MoM, driven by service sector wages and transfer payments, but real income growth excluding transfers remains sluggish. Personal consumption expenditures outpaced ...

Labor Secretary Lori Chavez-DeRemer cited data from a credible source, but it is cherry-picked and reflects only the law’s new policies. The data ignores some of the law’s policy extensions that ...

Personal income in the U.S. fell by $109.6 billion (0.4%) in May, driven primarily by declines in government benefits and farm income. Consumer spending also dipped, with personal consumption ...

June's personal income and spending growth were soft, with both rising just 0.3% MoM, falling short of expectations. Headline and core PCE inflation accelerated to 0.3% MoM, with goods prices rising, ...