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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
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> 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.
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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