Data Round-Up: Personal Income, Consumption Do OK in September; Core Inflation Trend Remains at Target
posted by Michael Lewis on October 29, 2018
The tax cut helped push real consumption growth to +3.9% annualized in 18Q2-Q3. While that boost will fade, job gains remain solid and wage growth is picking up some. FMI expects real consumption to maintain a better-than +2.5% pace in 18Q4 and thru 2019.
FMI’s analysis of today’s September Personal Income & Consumption.