2008-03-28 US Economic Releases

2008-03-28 Personal Income

Personal Income (Feb)

Survey 0.3%
Actual 0.5%
Prior 0.3%
Revised n/a

This is what supports the economy longer term and cushions downturns.


2008-03-28 Personal Spending

Personal Spending (Feb)

Survey 0.1%
Actual 0.1%
Prior 0.4%
Revised n/a

Down some, but with personal income remaining firm spending is sustained over the medium term.


2008-03-28 PCE Deflator YoY

PCE Deflator YoY (Feb)

Survey 3.5%
Actual 3.4%
Prior 3.7%
Revised 3.5%

Not good, and more price increases are in the pipeline.


2008-03-28 PCE Core YoY

PCE Core YoY (Feb)

Survey 2.1%
Actual 2.0%
Prior 2.2%
Revised 2.0%

Back to the high end of the Fed’s comfort zone, but with higher prices in the pipeline, it’s looking to move higher.


2008-03-28 U. of Michigan Confidence

U. of Michigan Confidence (Mar F)

Survey 70.0
Actual 69.5
Prior 70.5
Revised n/a

2008-03-28 U. of Michigan Confidence TABLE

U. of Michigan Confidence TABLE

2008-03-28 Inflation Expectations

Inflation Expectations

Current conditions up, expectations down. Sound familiar?

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