Flossing Like We Got Cheddar

Personal Income Rose 0. 3 Percent In September In Sept. vs Percent Increase Expected

U.S. consumer spending has risen more than expected this September, as households boosted purchases of motor vehicles and inflation steadily rose, which can bolster expectations of the insurance hike from Federal Reserve in December. The U.S. central bank is not predicted to raise rates, but is expected to increase borrowing costs. Consumer spending when adjusted for inflation has risen .3 percent after previously falling .2 percent in August. Consumer spending and a turnaround investment to boost economic growth is to boost economic growth to 2.9 percent in this next quarter, after previously being at a measly 1.4 percent. Consumer spending last month was lifted by a 1.3 percent surge in purchases of long-lasting manufactured goods such as automobiles. Spending on services rose 0.3 percent. 

This article was written by CNBC on October 31st, 2016. http://www.cnbc.com/2016/10/31/personal-income-sept-2016.html

It appears that the economy has been slowly but surely starting to rise. I feel this is intended for the everyday consumer and business owner to let them know that the economy has been greatly benefitting from the increase in consumer spending. It is apparent that the change in the economic curve is cause by the increase in price: in this case the increased price in people's paychecks. With this new development, it can be hypothesized that the Gross Domestic Product of the United States will also find an increase.