Income, Spending Rise; Savings Fall
January 31, 2011 at 12:36 PM EST
In December, Personal Income rose 0.4%, matching the 0.4% rise in November, and just below the 0.5% increase in October. However, both November and October were revised up by a tick, so relative to where we thought personal income was, this is actually an acceleration. It was, on the other hand, slightly below consensus expectations [...]