Despite Bad Economic News, Stocks Rose 4% In The Week Ended July 29, 2022

Published Friday, July 29, 2022 at: 8:27 PM EDT

Real disposable personal income (DPI) per capita in the United States declined from $46,985 to $45,356 in the past 12 months, according to data released today by the U.S. Bureau of Labor Statistics. Consumer buying power shrunk by -3.5%. Here’s the breakdown of income and spending, crucial factors in the consumer driven economy of the U.S: Disposable personal income was up +3.3% compared to June 2021 – before adjusting for inflation. Inflation, as measured by the Personal Consumption Expenditure Deflator (PCED), soared +6.8% in the same 12 months, leading to the shrinking buying power.  Personal outlays rose +8.4%, largely because of inflation, while...

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This article was written by a veteran financial journalist based on data compiled and analyzed by independent economist, Fritz Meyer. While these are sources we believe to be reliable, the information is not intended to be used as financial advice without consulting a professional about your personal situation.

Indices are unmanaged and not available for direct investment. Investments with higher return potential carry greater risk for loss. Past performance is not an indicator of your future results.

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