Real Disposable Income Per Capita Up 0.1% in July

Published on August 30, 2024

With the release of July's report on personal incomes and outlays, we can now take a closer look at "real" disposable personal income per capita. At two decimal places, the nominal 0.21% month-over-month change in disposable income comes to 0.06% when we adjust for inflation. The year-over-year metrics are 3.09% nominal and 0.58% real.

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PCE Inflation Rises 2.5% in July, Less Than Expected

August 30, 2024
The BEA's Personal Income and Outlays report revealed inflation remained at its lowest level since early 2021. The PCE price index, the Fed's favored measure of inflation, was up 2.5% year-over-year, just below the forecasted 2.6% growth. On a monthly basis, PCE inflation was up 0.2% from June, as expected.

Z1: 2024:Q2 preview now available for the Financial Accounts of the United States

August 30, 2024
A preview of changes to the upcoming Financial Accounts of the United States (Z.1) release is now available from the current Z.1 release page at www.federalreserve.gov/releases/Z1/Current/default.htm. The next release is scheduled for September 12, 2024. Preview content includes: a PDF document, HTML tables, and set of compressed CSV data files with corresponding data dictionary text files. Prelim