About: http://data.cimple.eu/news-article/6b38be43579982298e80a44c66b486851785968e6482127fa1c7f8cb

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rdf:type	schema:NewsArticle
schema:articleBody	US consumer spending and incomes rose but at a slower pace in 2019 compared to the previous year, according to government data released Friday. Personal consumption expenditures rose 0.3 percent last month, slightly slower than the prior month, but personal income gained just 0.2 percent, the Commerce Department reported. And both measures posted much slower increases than in 2018, with income up 4.5 percent in the year and expenditures rising 4.0 percent, according to the report. Price increases also remained tepid last year, reflected by a closely-watched measure of US inflation which rose just 1.6 percent in December compared to 2018. Though that inflation rate was the highest annual pace in a year, it remains well below the Federal Reserve's 2.0 percent target. Persistently low inflation continues to worry and baffle central bankers, especially at a time when the economy continues to expand and unemployment is at historic lows, which should result in rising wages and increased price pressures. Excluding volatile food and energy goods, the "core" inflation gauge -- Personal Consumption Expenditures (PCE) price index -- also rose 1.6 percent year-over-year. PCE inflation rose 0.3 percent compared to November, as expected, while the core rate was 0.2 percent. Lagging inflation is a concern for the Fed because with interest rates very low there is little room for the central bank to move to stimulate the economy in a downturn. "We have seen this dynamic play out in other economies around the world and we're determined to avoid it here in the United States," Fed Chairman Jerome Powell said Wednesday. "We're not satisfied with inflation running below 2 percent." Dt-hs/bgs
schema:headline	US income, spending gains slow in 2019: official
schema:mentions	World energy consumption Federal Reserve Inflation United States Personal consumption expenditures price index United States Department of Commerce Jerome Powell
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-01-31 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	negative sentiment
http://data.cimple...readability_score	61 (xsd:integer)

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