The recent personal income and outlays numbers for January from the Bureau of Economic Analysis (BEA) will be more fodder for the Federal Reserve’s Federal Open Market Committee to continue staying the course with higher interest rates for a longer period of time.

Personal income increased $131.1 billion, or 0.6%, in January. Expectations were for a 0.4% increase. This is another indicator of wages, which apparently are going up. Disposable personal income (DPI) — what is left after taxes — was up by $387.4 billion, or 2.0%. Personal consumption expenses (PCE) had a $312.5 billion lift, or 1.8%.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Erik Sherman


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join now!

  • Free unlimited access to's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.