(BEA) Personal incomes in the US rose by 1.1% or $225.9 billion in July from June as workers enjoyed higher compensation and government social benefits.
Disposable personal income rose 1.1% to $198.0 billion. Personal consumption expenditures were up 0.3% to $42.2 billion.
Real DPI rose 0.7% in July from June, while Real PCE fell 0.1% in the same period.
The PCE price index rose 0.4%, or up 0.3%, excluding food and energy. The price index was up 4.2% year over year.
Personal outlays rose by $45.4 billion in July from June. Personal savings reached $1.72 trillion with a savings rate of 9.6%.
SPY is up +0.33%, DXY is down -0.07%.
