Personal incomes in the U.S. fell in September

Are we headed to another drop in GDP?

Personal incomes in the U.S. fell in September and spending increased, leading to a drop in household savings rate to its lowest level in more than a year.

While income decreased by $16.8 billion, or 0.1 percent in September, personal consumption expenditure (PCE) increased 0.2 percent in September, the Bureau of Economic Analysis (BEA) said on Monday.

Markets had expected income to rise 0.3 percent and spending by 0.4 percent. . . .