- Prior 2.3%
- Personal consumption 3.1% vs 3.1% exp. Prior 2.9%
- Sales 3.5% vs 2.9% exp. Prior 2.4%
- Core PCE 1.8% vs 1.8% exp. Prior 1.8%
- PCE prices 2.2% vs 2.2% exp. Prior 2.2%
- GDP price deflator 2.1% vs 2.0% exp . Prior 2.0%
I'm at a loss. How does GDP grow at 3.7 when commodity prices are in the toilet ?
Does this imply stronger commodity prices in the future or does the revised GDP
formula place an even greater emphasis on the service economy ?
An economist at the Fed kept his job by producing the number desired. That's good for the economy right?

No comments:
Post a Comment