This post first appeared on FloatingPath
Disposable personal income rose 0.3% in February to $12.7062 trillion, the U.S. Bureau of Economic Analysis reports. This increase follows a 0.3% increase in January, and leaves disposable personal income up 3.0% from a year ago.
Personal outlays for the month totaled $12.1617 trillion, a 0.3% increase and up up 3.0% from the year prior.
Personal savings, which is disposable personal income less personal outlays, increased to $544.5 billion from $536.0 billion.
The LF Brook Absolute Return Fund lost -2.52% in the second quarter of 2021, compared to a positive performance of 7.59% for its benchmark, the MSCI Daily TR Net World Index. Year-to-date the fund has returned 4.6% compared to 11.9% for its benchmark. Q2 2021 hedge fund letters, conferences and more According to a copy Read More
Personal savings as a percentage of disposable personal income increased to 4.29% from 4.23% in January.