The economy slowed to 1.4% in the fourth quarter, which is below its 1.8% long-term trend, while the personal consumption expenditures price index stands at 2.9%. … READ MORE >
personal consumption expenditures index
Income and spending data suggests no rate cuts in first quarter
Income advanced at a 0.3% pace nominally and also on an inflation-adjusted basis in November while spending increased by 0.5%. … READ MORE >
Consumer spending in September was flat with holiday season approaching
Recent consumer spending data shows that the condition of U.S. households down market is sour at best and weak at worst. … READ MORE >
U.S. households bolster spending in August as service inflation persists
Inflation dynamics inside the August PCE report illustrated stubborn service sector inflation that increased from 3.5% to 3.6% while one can observe rising goods prices. … READ MORE >
Fed’s preferred inflation gauge accelerates in June as tariffs bite
Inflation picked up in June, driven largely by tariffs, according to the personal consumption expenditures price index, the Federal Reserve’s preferred inflation gauge. … READ MORE >
Cooler spending and inflation data reflect slowing economy
May income, spending and inflation data points toward a consumer adjusting to a more challenging economic environment and should dampen talk of a rate cut by the Federal Reserve in July or September. … READ MORE >
U.S. spending and inflation ease as companies slam the brakes on imports
American spending moderated in April as U.S. businesses pulled back significantly on imports after months of pulling forward economic activity to avoid higher tariffs. … READ MORE >
U.S. households pull forward spending as PCE inflation remains sticky
Households are preparing for what they believe will be another price shock caused by an increase in the costs of goods through a policy-induced trade shock. … READ MORE >
January PCE index: Strong income gains amid elevated inflation
Underlying inflation appears to have flattened out near 2.5% on an annual basis with service sector costs rising at a 3.4% rate. … READ MORE >
Market minute: Is the fight against PCE inflation like waiting for Godot?
The January PCE inflation report, to be released Friday, will most likely show a 0.3% top-line increase on the month and a 2.5% increase from one year ago. … READ MORE >