The monthly summary...
The downward shift in inflation continues across the board, with the exception of my price index, which is more about healthcare than any other weightings.
There were modest revisions in the PCE report, which are highlighted in Red.
I have made much of government spending on the GDP, but historically... not so abnormal (all charts from 2000Q1 onward...
A bit grainy in the upload, but trends are evident. The worrying factor is the trade deficit, while showing a bit of improvement the past few months, is still staggering compared to 10 years ago.
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