Household spending strengthened in September, and revised second-quarter gross domestic product shows the economy entered midyear on firmer footing than initially estimated. … READ MORE >
personal consumption expenditures index
Inflation is not going gently into that good night
Both headline and core PCE inflation advanced by 0.2% on the month while on a year-ago basis prices advanced by 3.7% for the headline number and 3.3% for the core. … READ MORE >
Inflation heats up as stress on households grows
The personal consumption expenditures index arrived hot for the second straight month in April while inflation-adjusted spending cooled. … READ MORE >
PCE inflation data shows a deteriorating economy on edge of war
A mix of declining inflation-adjusted income growth, a reliance upon savings and credit to fund spending and a 3.7% increase on a three-month annualized pace in core inflation does not paint a flattering portrait of an economy in February, on the edge of war. … READ MORE >
Market Minute: Two inflation reports, one economy
We expect that the top-line CPI for March will increase by a minimum of 1% on the month, driven by higher fuel costs, and 3.5% from a year ago. … READ MORE >
PCE inflation data shows the calm before the storm
On a month-over-month basis, the top-line PCE index, which is the Federal Reserve’s preferred measure of inflation, increased by 0.3%, with the core rate excluding food and energy rising by 0.4%. … READ MORE >
In GDP and inflation data, a rich juxtaposition of discontent
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 >
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 >