The US economic expansion to date remains unusually strong overall, with one stark exception: personal income. In contrast with employment, consumer spending and industrial production — collectively known as the big-four macro indicators — the recovery in consumer income has been abnormally weak in comparison with economic recoveries following the end of recessions since 1970.

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* Political anxiety rising in Washington as debt-ceiling showdown looms
* Biden’s economic legislation at risk of delay as Dems debate
* US, UK and Australia announce new security partnership to counter China
* NY Fed Mfg Index shows sector growth accelerated in September
* US import prices eased for first time in 10 months in August
* Atlanta Fed business inflation expectations steady at elevated pace in Sep
* US poverty rate fell in 2020 via stimulus checks and unemployment benefits
* US industrial output growth slowed in August, partly due to Hurricane Ida: