Post #226 by mechinv on the Macroeconomic Trends and Risks board

Personal Finance Topics / Macroeconomic Trends and Risks

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The Fed has brought inflation back down to normal levels without causing a recession. You can get a gallon of gas for $3 or less in many states, which is 38% cheaper than the average price in June 2022.

"Core PCE, the Fed's preferred measure of inflation, rose at an annual rate of 2.9% in December, easing from 3.2% in November and less than the 3.0% consensus.

The data also illustrated the continued resilience of consumer spending.

Personal Income: +0.3% M/M vs. +0.3% consensus and +0.4%, according to the Bureau of Economic Analysis.

Personal Spending: +0.7% M/M vs. +0.4% expected and +0.4% prior (revised from +0.2%)."

https://seekingalpha.com/news/4059028-core-pce-inf...

Also, GDP grew 3.3% YoY last quarter.

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