Posted by Sada Mosler on March 28th, 2008
Personal Income (Feb)
This is what supports the economy longer term and cushions downturns.
Personal Spending (Feb)
Down some, but with personal income remaining firm spending is sustained over the medium term.
PCE Deflator YoY (Feb)
Not good, and more price increases are in the pipeline.
PCE Core YoY (Feb)
Back to the high end of the Fed’s comfort zone, but with higher prices in the pipeline, it’s looking to move higher.
U. of Michigan Confidence (Mar F)
U. of Michigan Confidence TABLE
Current conditions up, expectations down. Sound familiar?