13:30 - Dados States
Enviado: 31/10/2005 14:428:31am 10/31/05 U.S. AUG. PERSONAL INCOMES REVISED TO -0.9% VS. -0.1%
8:31am 10/31/05 U.S. SEPT. PERSONAL SAVINGS RATE FALLS 0.4%
8:30am 10/31/05 U.S. SEPT. CONSUMER SPENDING UP 0.5% AS EXPECTED
8:30am 10/31/05 U.S. SEPT. PERSONAL INCOMES UP 1.7% VS. 0.3% EXPECTED
8:30am 10/31/05 U.S. SEPT. CORE PCE PRICE INDEX UP 0.2%
ECONOMIC REPORT: U.S. incomes, inflation soar; Real spending falls 0.4% in September
By Rex Nutting, MarketWatch
Last Update: 8:32 AM ET Oct. 31, 2005
WASHINGTON (MarketWatch) - U.S. incomes and inflation bounced higher in September on the impact of destructive hurricanes, the Commerce Department reported Monday.
Incomes rose 1.7% in September after plunging a revised 0.9% in August. The wild swing was due to the impact of the storms on rental income, which were depressed severely in August by uninsured losses from Hurricane Katrina.
Economists were expecting incomes to rise 0.3%, according to a survey conducted by MarketWatch.
Excluding the impact of uninsured losses on property owners, however, incomes rose 0.5% in September after rising 0.3% in August.
Meanwhile, prices soared on higher energy prices. The personal consumption expenditure price index rose 0.9% in September, the biggest increase since February 1981.
Excluding food and energy prices, however, the core PCE price index rose a more moderate 0.2%.
Core prices are up 2% in the past year, the same as in August. Core inflation rates are at the top end of the Federal Reserve's "comfort zone," Fed officials have said.
The Federal Open Market Committee meets on Tuesday to consider a 12th straight interest rate increase. Analysts and financial markets are certain the FOMC will boost rates to keep a lid on core inflation.
Consumer spending increased 0.5% in September, as expected. Adjusted for inflation, real spending fell 0.4% in September after dropping 1% in August.
On Friday, the Commerce Department said strong consumer spending helped boost economic growth at a 3.8% pace in the third quarter, but most of the spending came in July after June. Real spending in September was 0.6% below the third quarter average.
Real disposable incomes (inflation-adjusted) increased 1% in September. The personal savings rate improved to a negative 0.4% after falling to a decades low of 1.8% in August. The personal savings rate has been negative for four straight months.
Income from wages increased 0.3% in September.
8:31am 10/31/05 U.S. SEPT. PERSONAL SAVINGS RATE FALLS 0.4%
8:30am 10/31/05 U.S. SEPT. CONSUMER SPENDING UP 0.5% AS EXPECTED
8:30am 10/31/05 U.S. SEPT. PERSONAL INCOMES UP 1.7% VS. 0.3% EXPECTED
8:30am 10/31/05 U.S. SEPT. CORE PCE PRICE INDEX UP 0.2%
ECONOMIC REPORT: U.S. incomes, inflation soar; Real spending falls 0.4% in September
By Rex Nutting, MarketWatch
Last Update: 8:32 AM ET Oct. 31, 2005
WASHINGTON (MarketWatch) - U.S. incomes and inflation bounced higher in September on the impact of destructive hurricanes, the Commerce Department reported Monday.
Incomes rose 1.7% in September after plunging a revised 0.9% in August. The wild swing was due to the impact of the storms on rental income, which were depressed severely in August by uninsured losses from Hurricane Katrina.
Economists were expecting incomes to rise 0.3%, according to a survey conducted by MarketWatch.
Excluding the impact of uninsured losses on property owners, however, incomes rose 0.5% in September after rising 0.3% in August.
Meanwhile, prices soared on higher energy prices. The personal consumption expenditure price index rose 0.9% in September, the biggest increase since February 1981.
Excluding food and energy prices, however, the core PCE price index rose a more moderate 0.2%.
Core prices are up 2% in the past year, the same as in August. Core inflation rates are at the top end of the Federal Reserve's "comfort zone," Fed officials have said.
The Federal Open Market Committee meets on Tuesday to consider a 12th straight interest rate increase. Analysts and financial markets are certain the FOMC will boost rates to keep a lid on core inflation.
Consumer spending increased 0.5% in September, as expected. Adjusted for inflation, real spending fell 0.4% in September after dropping 1% in August.
On Friday, the Commerce Department said strong consumer spending helped boost economic growth at a 3.8% pace in the third quarter, but most of the spending came in July after June. Real spending in September was 0.6% below the third quarter average.
Real disposable incomes (inflation-adjusted) increased 1% in September. The personal savings rate improved to a negative 0.4% after falling to a decades low of 1.8% in August. The personal savings rate has been negative for four straight months.
Income from wages increased 0.3% in September.