Trump’s People Say a Better Economy?

I Repeat…..

Trump’s Admin has announced this info….

(Reading between the lines….This is NOT a Good Report for September and the Us Economy on a whole)

There IS a Midterm Election vote in 5 Days

Monthly Federal economic reports ARE ALWAYS corrected for accuracy A MONTH LATER…

Politics?

Trump & Republicans?

Hmmmmm?

The economy entered the fall with considerable momentum. But a snapshot from September suggests that households ended the third quarter squeezed by higher prices and weaker purchasing power.

Driving the news: Consumer spending was strong across the third quarter but showed signs of stalling in September in data released simultaneously with the GDP report Thursday morning.

By the numbers: Personal consumption expenditures rose 0.5% in September, slowing from August’s 0.9% gain. But after accounting for a 0.5% rise in prices, September spending was flat after rising by 0.5% the prior month.

• Inflation-adjusted disposable income fell 0.3%, the steepest monthly decline since April.
• As spending outpaced income growth and inflation eroded purchasing power, the personal saving rate slipped to 3.8%, its lowest since October 2022.

The intrigue: Inflation cooled over the third quarter, though price pressures were stubborn at the end of the three-month period.

• The core PCE price index rose at a 2.5% annualized rate last quarter, down from 3.3% in the second quarter. Headline inflation slowed to 2.1% from 5%.
• Headline prices rose 0.5%, up from 0.3% in August. Annual inflation accelerated to 3.6% from 3.4%, while core inflation ticked up to 3.1% from 3%.

The bottom line: Together, the GDP and PCE reports capture a central tension in the U.S. economy ahead of next week’s midterm elections….

More….