Economy
Add as a preferred source on GoogleMotio described the broader household-income cycle as being late in an expansion.
After August's negative reading, Motio Research said its U.S. household-income momentum gauge rose above zero in September, bringing the candidate contraction it had identified the previous month to a close.
The September figure was +0.17%, compared with −0.35% in August, Motio said.
The firm described the broader household-income cycle as being in a later expansion phase. It said the Motio Rule had not triggered a recession warning.
Reuters said traders expected both central banks to keep rates unchanged. U.S. GDP and inflation data are scheduled for Oct. 29.
He pointed to persistently elevated inflation, a possible AI bubble and rising government bond yields. Krugman said his post mapped scenarios rather than making a forecast.
The University of Michigan recorded a 0.1-point decline as households grew more pessimistic about durable goods and home purchases and lifted their inflation outlook.
