Just some charts with a bit of commentary...
The headlines proclaimed a resilient consumer propelled the advance estimate of 4.9% annualized... to 5.2%. Seriously, the PCE slipped from 4.0% to 3.6%. You could toss in Residential investment, but you still come up lacking.
It was a good report, but could have done without the spin, imho.
A couple of charts about PCE. Adjustments are in red. Again, a good report.
And to finish up the charts...
October ended up being an all around good month. May it continue.
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