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Personal income increased $122.0 billion (0.5 percent at a monthly rate) in March, according to estimates released today by the Bureau of Economic Analysis (tables 2 and 3). Disposable personal income (DPI), personal income less personal current taxes, increased $104.0 billion (0.5 percent) and personal consumption expenditures (PCE) increased $160.9 ...
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While inflation has fallen more than 60% from its peak, today’s report reinforces the importance of our ongoing work to bring costs down. President Biden is fighting to lower the biggest bills families face. The President has secured legislation to lower costs for health care, prescription drugs, and insulin. He has called on Congress to pass his plan to ...