The data continues to be affected by the pandemic, comparisons to the recession one year ago, and now inflation. Inflation is now seriously impacting growth,
Analyst Opinion of Personal Income and Expenditures
The note from the BEA says it all:
The estimate for April personal income and outlays was impacted by the continued government response to COVID-19. Economic impact payments associated with the American Rescue Plan Act of 2021 (which was enacted on March 11, 2021) continued but were at a lower level than in March. The full economic effects of the COVID-19 pandemic cannot be quantified in the personal income and outlays estimate because the impacts are generally embedded in source data and cannot be separately identified.
Pennsylvania Senate Committee Wants to Keep State Out of Greenhouse Gas Program
Pennsylvania Gov. Tom Wolf is pressing for his state to join the Regional Greenhouse Gas Initiative (RGGI), a program intended to cap and reduce carbon dioxide emissions from the power sector.
However, State Senate Environmental Resources and Energy (ERE) Committee Chairman Gene Yaw (R) told The Epoch Times that Wolf’s proposed plan to enter Pennsylvania into RGGI is not going to help the environment, instead it will have devastating economic impacts on the state’s energy and manufacturing industry.
RGGI is a regional program in response to climate change. Initially joined by seven states including Connecticut, Delaware, and Maine in December 2005, its members now include eleven Northeastern states. RGGI sets a cap for total carbon dioxide emissions for the power sector in each state. In order to comply with RGGI regulations, power plants in these states must purchase allowances for each ton of car
March 2021 Real Income And Expenditures Significantly Improve
The data continues to be affected by the pandemic and the stimulus payments. Expenditures improved month-over-month (and is in expansion year-over-year) whilst income also improved month-over-month and is in expansion year-over-year.
Analyst Opinion of Personal Income and Expenditures
The note from the BEA says it all:
The estimate for March personal income and outlays was impacted by the continued government response to COVID-19. Economic impact payments associated with the American Rescue Plan Act of 2021 (which was enacted on March 11, 2021) were distributed in March. The full economic effects of the COVID-19 pandemic cannot be quantified in the personal income and outlays estimate because the impacts are generally embedded in source data and cannot be separately identified.
Spring has brought some optimism to cattle markets, with fed cattle and beef cutout markets moving higher.
David Anderson, professor and Extension economist for Texas A&M, wrote in his âIn the Cattle Marketsâ column for the Livestock Marketing Information Center that strong demand has helped markets move higher.
âAfter languishing for weeks at about $114 per cwt. the fed cattle market has sprung to life,â Anderson said. âFed cattle prices hit $123-124 in more Northern regions and closed the week at $121 in the Southern Plains. From 2015-19 the seasonal price increase has been about $6 per cwt, or 4.3%. Prices dipped as low as $109 in late January, making this seasonal run larger than normal, so far.â
Strong demand supporting beef and cattle prices mesabitribune.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mesabitribune.com Daily Mail and Mail on Sunday newspapers.