US Personal Income Rose 0.2% in August as Spending Surged
Consumer spending jumped 0.9% in August while income grew more modestly, pushing the personal saving rate to 4.1%, BEA data show.
Consumer spending jumped 0.9% in August while income grew more modestly, pushing the personal saving rate to 4.1%, BEA data show.
Real GDP rose at a 2.2% annual rate in Q2 2026, driven by consumer spending, investment, and exports, the BEA confirmed.
End-of-month retail inventories climbed to $881.6 billion in August, following a revised 0.8% gain in July.
Federal Reserve Vice Chair Michael Barr spoke to the Detroit Economic Club on current economic conditions and the Fed's monetary policy stance.
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