It's The Economy Stupid: Up close and Personal

Economic Event	Period	Economic Survey	Actual Reported	Original Prior	Revised Prior
Personal Income	SEP	0.4%	0.4%	0.1%
Personal Spending	SEP	0.6%	0.8%	0.5%
PCE Deflator MoM	SEP	0.4%	0.4%	0.4%
PCE Deflator YoY	SEP	1.7%	1.7%	1.5%
PCE Core MoM	SEP	0.1%	0.1%	0.1%
PCE Core YoY	SEP	1.7%	1.7%	1.6%

 

ECONOMICS FOR DUMMIES

 

Personal Income UP, that’s a good thing

Personal Spending UP, that’s a good thing

PCE Deflator UP, that’s a good thing

PCE Core UP, that’s a good thing

 

So the economic news is basically good today.

 

John Broussard

Assistant State Treasurer

Chief Investment Officer

State of Louisiana

Department of the Treasury