pce, personal income yoy

Maybe it’s just me but to me this looks like it’s still decelerating, as it was before the tax hikes and spending cuts, which are still ongoing.

So I still see downside risk here?

But, of course, bad news for the economy is good news for stock prices for as long as markets think QE supports equity prices.


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Core PCE Y/Y:

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Personal Income Y/Y:

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