PDA

View Full Version : Personal income rises, inflation moderates


Vegas
03-28-2008, 01:53 PM
http://biz.yahoo.com/rb/080328/usa_economy_inflation_pce.html?.v=3

U.S. personal income rose more than expected in February as the economy teetered on the brink of a recession, while both personal spending and a key price measure increased only slightly, a government report showed on Friday.
he Commerce Department reported that February personal income rose 0.5 percent, exceeding a forecast of a 0.3 percent gain made by analysts polled before the report.

Stock index futures briefly added to gains after the report, while the dollar and U.S. government debt prices rose.

Jiddy78
03-28-2008, 02:10 PM
http://biz.yahoo.com/rb/080328/usa_economy_inflation_pce.html?.v=3

U.S. personal income rose more than expected in February as the economy teetered on the brink of a recession, while both personal spending and a key price measure increased only slightly, a government report showed on Friday.
he Commerce Department reported that February personal income rose 0.5 percent, exceeding a forecast of a 0.3 percent gain made by analysts polled before the report.

Stock index futures briefly added to gains after the report, while the dollar and U.S. government debt prices rose.

Personal income has a long way up to go to catch up....or asset values a long way down. Option 2 is much more "rewarding." But option 1 is probably going to meet it somewhere in the middle.