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 is the Fed's target percentage for inflation?

What was the employment cost index increase reported?