U.S. September personal income rose 0.2%, personal consumption expenditures fell 0.3% — its largest drop since June 2004 — and core PCE prices rose 0.2% for a 2.4% gain over the year, while disposable income edged up 0.1% after a string of declines dating from June.
Personal savings was up 1.3% and has been positive every month since spending slowed. Savings has been positive since mid-2005 in the revised data.
— Market News International