Incomes and Spending Healthy, Another Measure of Inflation Decelerates, Leading Indicators Point to Further Strength
Here is a nice summary of current economic data and a thoughtful conclusion:
– Personal Income for November rose .3% versus estimates of a .3% increase and a .5% gain in October. – Personal Spending for November rose .3% versus estimates of a .4% increase and a .2% gain in October. – The PCE Core for November rose .1% versus …
As we read the consensus economic projections for the coming year, we see many of them reflecting on this sort of data — continued strong employment, low inflation, strong corporate balance sheets. This has been accomplished during a period of rising oil prices and increasing short-term interest rates.
What if the Fed is finished and energy stabilizes for a bit?