Turning Just 2.4% Income Growth Into A Robust Recovery

By |2015-08-28T17:47:49-04:00August 28th, 2015|Economy, Federal Reserve/Monetary Policy, Markets|

Today’s release of personal income and spending is very much related to the revised GDP figures, though I have no doubt that the BEA wishes it were not. To start with, the ongoing chain of benchmark revisions has produced an inordinately volatile set of economic accounts. That is quite against the stated purpose of all this adjusting and statistical intrusiveness; [...]