Mises Daily
Author:
Frank Shostak
Online Publish Date:
The yearly rate of growth of personal consumer outlays jumped from 2.5 percent in August last year to 3.8 percent this January. The growth momentum of personal income has been pushing ahead strongly since May last year. Year-on-year, the rate of growth shot up from 1.8 percent in May to 4.6 percent in January. Most economists and various