Consumer Spending, Income Disappoint in September

The video discusses the decline in consumer spending and personal income for September, with spending down by 0.2% and income slightly below estimates at 0.2%. Inflation measures, such as the PCE deflator, are also covered, showing a slight increase. The report highlights the challenges faced by US consumers, especially as the holiday season approaches, and aligns with disappointing retail sales figures from the previous month.

What was the percentage change in consumer personal spending for September?

• 0.5% decrease

• 0.5% increase

• 0.2% decrease

• 0.2% increase

What broader economic indicator does the PCE deflator measure?

• Inflation

• GDP growth

• Interest rates

• Employment rate

How did personal income for September compare to estimates?

• Met estimates

• Slightly above estimates

• Slightly below estimates

• Significantly below estimates

What was the expected growth rate for personal income according to the survey?

• 0.1%

• 0.2%

• 0.3%

• 0.4%

How did the personal spending figures for September compare to the previous month?

• Increased by 0.5%

• Decreased by 0.5%

• Increased by 0.2%

• Decreased by 0.2%