10Y dollar fed inflation

Here’s Why You Should Have Stayed In Bed: Inflation Hooray, Bill Dudley Edition

On Friday morning we got some data you probably don’t care about. Or maybe you do care, but I’d be willing
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1 comment on “Here’s Why You Should Have Stayed In Bed: Inflation Hooray, Bill Dudley Edition

  1. > spending barely up (missing consensus)

    Real spending has been down for two straight months (keep in mind this was the main driver of GDP in Q416). I bet nominal spending was up in Venezuela, but I would not invest there.

    ———————————————————————————————–
    2016 2017
    Oct. Nov. Dec. Jan. Feb.
    Percent change from preceding month
    Personal consumption expenditures (PCE):
    Chained (2009) dollars 0.3 0.2 0.4 -0.2 -0.1

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