The monthly summary...
The overall PCE edged upward, on annual basis, with PCE ex food and energy staying flat.
Of course, the official got revised up for January, which indicates a difference from my report...
As for the personal income arena... this is the link... https://www.bea.gov/news/2024/personal-income-and-outlays-february-2024
Note the revisions as always, and I would recommend tracking the data monthly. Revisions are normal part of the cycle, as more data comes in. Recently however... previous data seems to come in a tad lower, which results in inflated current estimates. This was not always the case.
As for GDP, it seems to have edged up for 2023-4Q. I am not going to beat that horse over trade deficit numbers. I will simply state that prior to transfer of data from 2012 dollars into 2017 dollars, the GDP was marginally better. That adjustment amounts to about 1.9% annualized. So just take that with a grain of salt, as it is just my opinion.
One remaining bit of info can be found here. While I might harangue about the national debt, the 2023 year end net international investment was released. UGLY, at almost $20T. THAT IS WHAT WE OWE OTHER COUNTRIES.
https://fred.stlouisfed.org/series/IIPUSNETIQ
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