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.
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.
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.
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.
U. of Michigan Confidence (Mar F)
| Survey | 70.0 |
| Actual | 69.5 |
| Prior | 70.5 |
| Revised | n/a |
U. of Michigan Confidence TABLE
Inflation Expectations
Current conditions up, expectations down. Sound familiar?