Welcome to the TFC Commodity Trading Forum.
Please feel welcome to join in on these informative ongoing discussions about trading futures and commodities.

The Trading Forum is intended for the open discussion of commodities trading. The management of this Forum does not agree or disagree with the ideas exchanged, and does not exert editorial control over the message posted herein. Read and post at your own risk. The risk of loss in trading or commodities can be substantial. We discourage the use of this Forum to promote trading that is acknowledged to be risky. Please note: many links from the Forum lead to pages on other web sites. We cannot take responsibility for nor endorse the information presented on those sites.

TFC Commodity Trading Forum

January personal income up 1.0%; spending up 0.2%

January personal income up 1.0%; spending up 0.2% (by Jeffry Bartash)

WASHINGTON (MarketWatch) - Personal income of American workers jumped a seasonally adjusted 1.0% in the first month of 2011, marking the biggest increase in a year and a half, while consumer spending rose a smaller 0.2%, the Commerce Department reported Monday. The increase in income stemmed largely from a one-year reduction in worker contributions to Social Security that took effect in January. A key inflation indicator, the personal consumption expenditure price index, rose 0.3% in January. The core PCE, which excludes volatile food and energy costs, rose 0.1%. Over the past year, core inflation has risen 0.8%. Economists surveyed by MarketWatch had forecast a 0.9% gain in personal income and a 0.4% increase in consumer spending. The core PCE index was expected to rise 0.1%. The government also revised consumer spending in December to a 0.5% increase.