According to the Department of Commerce, personal consumption expenditures (PCE) decreased $19.0 billion, or 0.2 percent, slightly missing the forecast of 0.3 percent from briefing.com.
In August, personal income increased $50.7 billion, or 0.3 percent.
Private wages and salaries increased $12.6 billion in September, compared with an increase of $36.3 billion in August.
Bank of Japan
The Bank of Japan decided to jump start their monetary stimulus program on Friday to an annual pace of 80 trillion yen (an addition of 10-20 trillion yen). The Bank will also purchase exchange traded funds (ETF’s) and Japanese real estate trusts (J-Reit) so that their amount outstanding will increase at an annual pace of 3 trillion yen and about 90 billion yen.