Personal Income m/m

Indicator History

History of Event Dates
Event Date Time For
Period		 Currency Actual Forecast
What is this indicator?

Personal Income m/m is a monthly economic indicator that measures the change in total income received by individuals and households from all sources over a given month, compared to the previous month.


Why is it important?

Personal Income m/m is important because it provides valuable information about the financial health of households and the overall economy. Personal income is a key driver of consumer spending, which is a major contributor to economic growth. A higher personal income m/m indicates that households have more money to spend, which can boost consumer spending and stimulate economic growth. Moreover, personal income m/m is a key factor in inflation. Higher levels of personal income can lead to increased demand for goods and services, which can push prices higher. Therefore, a higher personal income m/m may suggest that inflationary pressures are building, which could prompt the Federal Reserve to raise interest rates to keep inflation in check.

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