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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: locogringo who wrote (1057970)	3/1/2018 9:10:42 AM
From: majaman1978	1 Recommendation Recommended By locogringo Respond to of 1574059

Americans’ wallets fattened in January by the most in five years on the recent tax cuts, indicating increased spending power may boost the economy this quarter Real disposable income, or earnings adjusted for taxes and inflation, advanced 0.6 percent from the prior month, the biggest gain since December 2012, according to a Commerce Department report Thursday. Nominal consumer spending grew 0.2 percent, matching the median forecast in a Bloomberg survey and following a 0.4 percent gain. The Federal Reserve’s preferred price gauge, excluding food and energy, had the biggest monthly increase in a year. The data, covering the first month since the tax law was signed in December, reflected a $30 billion increase in one-time bonuses and a $115.5 billion annualized drop in personal taxes, the Commerce Department said. Such boosts to Americans’ wallets, along with a tight labor market, will sustain bloomberg.com