10/2: MetroIntelligence Economic Update by P. DUFFY

September consumer sentiment tops 100 for third time since January 2004 in final read

Consumer sentiment remained at very favorable levels in September, with the Index topping 100.0 for only the third time since January 2004, with most of the September gain among households with incomes in the bottom third, whose index value of 96.3 was the highest since November 2000 The single issue that was cited as having a potential negative impact on the economy was tariffs.

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Personal income and consumer spending both rose 0.3 percent in August, savings rate steady

In August, personal income, disposable personal income and consumer spending all rose by 0.3 percent.  The personal savings rate remained flat at 6.6 percent.

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PCE Price Index rose 0.1 percent in August and 2.2 percent year-on-year

The Federal Reserve-preferred PCE price index increased 0.1 percent in August and 2.2 percent year-on-year. Excluding food and energy, the PCE price index increased less than 0.1 percent in August and 2.0 percent year-on-year.

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