In the latest quarter, real consumption in the United States grew at a robust 3.7% annual rate. Goods consumption surged at an impressive...

No sign from today's PCE report that aggregate consumer spending is slowing down. Slightly the opposite in fact...

The June US PCE report confirms that prices in the services sector are swinging lower again after a pretty hot first quarter. As the...

In August 2020, the Fed officially adopted the 'Average Inflation Target'. Here's an update on the Price Level Target...

Looking at core inflation less shelter, you could say that we have reached a growth rate that is consistent with the Fed's target of 2%....

For most intents and purposes inflation is now running close to 2% per annum, or even slightly below...

Jobs and disposable income are up, but now consumers are looking for savings.