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  • Personal Income and Outlays, April 2023

    From bea.gov

    Personal income increased $80.1 billion (0.4 percent at a monthly rate) in April, according to estimates released today by the Bureau of Economic Analysis (table 3 and table 5). Disposable personal income (DPI) increased $79.4 billion (0.4 percent) and personal consumption expenditures (PCE) increased $151.7 billion (0.8 percent). The PCE price index increased 0.4 percent. Excluding food and energy, the PCE price index increased 0.4 percent (table 9). Real DPI increased less than 0.1 percent in April and Real PCE increased 0.5 percent; goods increased 0.8 percent and services increased 0.3 percent (table 5 and table ... (full story)

Added at 8:36am

  • An unexpected increase: Fed’s favorite inflation measure heated up last month

    From cnn.com

    The US economy has encountered some expected turbulence on inflation’s descent. The Federal Reserve’s preferred inflation gauge bounced higher in April, underscoring Fed Chair Jerome Powell’s warning that reining in price hikes “is likely to be bumpy.” But with spending also heating up, Friday’s data from the Commerce Department kicked up the odds for further rate hikes. The Personal Consumption Expenditures price index rose 4.4% for the 12 months ended in April, up from a 4.2% increase seen in March, according to data released Friday by the Commerce Department. The closely watched core PCE index — ... (full story)

Inflation is still high, it seems that the Federal Reserve has not done well in controlling inflation. High inflation? Recession at the same time? Is there an inflationary stagnation ahead?
Personal spending up, that's crazy... definitely has to be from credit cards surely, that's bad news for the FED as that will shoot the inflation bar up. Will be interesting to see next month's data because of it.
Quoting MatTrader101
Personal spending up, that's crazy... definitely has to be from credit cards surely, that's bad news for the FED as that will shoot the inflation bar up. Will be interesting to see next month's data because of it.
Inflation is like a moving train and the market doesn't seem to get it in my humble opinion. Takes time for things to work through the system. takes time for people to really feel the pain of higher rates etc. And it will be some time before inflation is even close to 3% with continued rate hikes. The market seems to think they stop raising and are on a smooth path to 2%. Its not going to happen. The train rolls on.
Quoting enarco
{quote}Inflation is like a moving train and the market doesn't seem to get it in my humble opinion. Takes time for things to work through the system. takes time for people to really feel the pain of higher rates etc. And it will be some time before inflation is even close to 3% with continued rate hikes. The market seems to think they stop raising and are on a smooth path to 2%. Its not going to happen. The train rolls on.
Completely agree we haven't seen inflation properly start falling down yet, I do wonder what FED will do next, I think a hike is coming our way.
“However, the Dollar is not depreciating but, on the contrary, appreciating against all currencies: the USD is a safe haven even when the United States is in trouble, which is paradoxical.” - what a crock of
USD/JPY RSI H1 is showing still buy and rally and heading towards 145
“However, the Dollar is not depreciating but, on the contrary, appreciating against all currencies: the USD is a safe haven even when the United States is in trouble, which is paradoxical.” ....buncha crock....
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