While macro events continue to raise concern among investors, the US economy remains resilient

Jay Soloff

Argonath Financial

While macro events continue to raise concern among investors, the US economy remains resilient. Today's personal spending and income numbers are another strong sign there's no recession risk in the US right now. Personal spending rose 0.5% last month, compared to a consensus prediction of 0.4%, and just a 0.1% increase n July. Personal income climbed 0.3%, roughly in line with expectations, and higher than July's 0.2% gain. More importantly, core spending (which takes out food and energy) rose 0.1% from last month, and was expected to remain unchanged. The core expenditures number is important as it's a preferred metric of the Fed. The Fed wants to see wage and spending growth, along with a decrease in unemployment, in order to ensure slack is coming out of the job market. (VIEW LINK)

Jay Soloff
Jay Soloff
Research Analyst
Argonath Financial

I'm an investments analyst for a US-based independent investment research firm. My focus is on economics, options, and all types of stocks, but especially tech, Internet, and renewable energy companies. I have experience as a options market...


No areas of expertise

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.


Sign In or Join Free to comment