Friday, June 28, 2024

Review of May 2024 data, 1Q GDP revisions, PCE and personal income

The monthly summary continues to improve, although PPI numbers are of concern... going forward.


Regarding personal income, etc., read here.

The GDP for 2024Q1 was revised ever so slightly upward to 1.4% annualized. Only time will tell if that gets revised on September 26th.


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A Bit of Update on the Energy Market, and a Few Political Opinions.

 The winter weather is the likely culprit for the drop in overall consumption. Only time will tell. The overall inventories are still in goo...