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of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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Free Access**MNI: 5 Things We Learned From November Personal Income Data>
By Holly Stokes, Sara Haire, and Kevin Kastner
WASHINGTON (MNI) - The following are the key points from the
November personal income, spending, and price data released Friday by
the Bureau of Economic Analysis:
- The personal income and spending data suggest core inflation
remains contained, with small upticks in the year/year rates to highs
last seen earlier in the year.
- The core PCE price index rose 0.1% (+0.078% unrounded) as
expected after a 0.2% gain in October. The y/y rate rose to +1.5% from
+1.4% in October on base effects, the highest since June.
- Overall PCE price index rose 0.2% as energy jumped 4.3%, lifting
the y/y rate to +1.8% from +1.6% in October, the highest since March.
- Personal income +0.3% vs +0.4% expected, while current dollar PCE
+0.6% vs +0.4% expected. Real PCE was +0.4% after flat in October.
Fourth quarter real PCE through November was up 2.5% at an annual rate
from the 3Q average vs +2.2% in 3Q.
- November savings rate fell to 2.9% from 3.2%, hitting its lowest
point since November 2007.
** MNI Washington Bureau: 202-371-2121 **
[TOPICS: MAUDS$,M$U$$$,MAUDR$]
To read the full story
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.