Real income slump raises fresh consumer warning sign (US10Y:)

Real personal income excluding transfer payments fell 0.4% in the latest reading, marking the fourth decline in five months. Renaissance Macro Research said the trend points to potential trouble for the U.S. consumer, implying softer spending power ahead. The signal is a modest but meaningful macro headwind for consumer demand-sensitive sectors.

Analysis

Real personal income excluding transfer payments fell 0.4% in the latest reading, marking the fourth decline in five months. Renaissance Macro Research said the trend points to potential trouble for the U.S. consumer, implying softer spending power ahead. The signal is a modest but meaningful macro headwind for consumer demand-sensitive sectors.