Personal Income (Nov)
| Survey | 0.5% |
| Actual | 0.4% |
| Prior | 0.2% |
| Revised | n/a |
OK number.
Personal Spending (Nov)
| Survey | 0.7% |
| Actual | 1.1% |
| Prior | 0.2% |
| Revised | 0.4% |
Nice bounce back from a low number also revised up. Makes the two month average about 0.75%. This will cause further upward revisions of Q4 GDP.
PCE Deflator YoY (Nov)
| Survey | 3.4% |
| Actual | 3.6% |
| Prior | 2.9% |
| Revised | 3.0% |
Back to my favorite quote from September, ‘If the fed doesn’t care about inflation, why should I?’
Wonder what it takes for the fed to care?
PCE Core MoM (Nov)
| Survey | 0.2% |
| Actual | 0.2% |
| Prior | 0.2% |
| Revised | n/a |
PCE Core YoY (Nov)
| Survey | 2.0% |
| Actual | 2.2% |
| Prior | 1.9% |
| Revised | 2.0% |
Core at or though fed’s upper bound.
U. of Michigan Confidence (Dec F)
| Survey | 74.5 |
| Actual | 75.5 |
| Prior | 74.5 |
| Revised | 2.0% |
People still watching CNBC.
Inflation Expectations – 1 Year Ahead
| Survey | n/a |
| Actual | 3.4% |
| Prior | 3.2% |
| Revised | n/a |
One of the fed’s indicators – don’t like this action as they think once it elevates it’s too late.
Inflation Expectations – 5 Years Ahead
| Survey | n/a |
| Actual | 3.1% |
| Prior | 2.8% |
| Revised | n/a |
As above – once it elevates it’s too late.
♥
