U.S. Personal Income, Spending Show Gains in Sept.

The video discusses economic data for August, highlighting significant changes in income and spending. It notes a rise in spending and a drop in unemployment compensation. The PCE inflation figures, closely monitored by the Fed, show a slight decrease, aligning with expectations. Personal income was revised down, and the employment cost index increased as expected.

What was the percentage increase in spending for the month of August?

• 2.7%

• 1.4%

• 2.0%

• 1.0%

Which economic indicator is most closely watched by the Federal Reserve?

• GDP

• CPI

• PCE Inflation

• Unemployment Rate

What was the year-over-year change in the core PCE inflation rate?

• 2.0%

• 1.6%

• 1.5%

• 1.4%

How was personal income revised in the latest data release?

• Increased by 2.7%

• Decreased by 2.7%

• Decreased by 2.5%

• Increased by 2.5%

What was the change in the employment cost index?

• Increase of 0.3%

• Increase of 0.5%

• Decrease of 0.3%

• Decrease of 0.5%