My analysis of the May PCE report.
Here are some interesting facts:
- Core PCE, PCE, and PCE for goods (MoM Changes): All of these MoM changes are now simultaneously below their respective 25th percentile of MoM changes, based on data from the years 2000 to 2019, which is the first time since December 2023.
- Real disposable personal income, real PCE, and Wages and Salaries (MoM changes): All of these MoM changes are now above their 50th percentile, indicating that their changes a...
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