PCE February 2024: Personal Spending Too Hot For Fed Rate Cuts

By: pcess609/iStock via Getty ImagesThe Bureau of Economic Analysis (BEA), has just released its estimate for February 2024 US Personal Consumption Expenditures (PCE). Also known as “Personal Spending,” PCE directly accounts for over 60% of total US Gross Domestic Product (GDP), marking it a crucial indicator for assessing changing rates of expansion, contraction, and momentum…

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Americans’ personal income growth slows down, but spending rises in February

By: ISTANBUL Americans’ personal income growth slowed down in February, but their personal spending accelerated on a monthly basis, according to official figures released Friday.Personal income increased $66.5 billion, or 0.3% at a monthly rate in February, according to the US Bureau of Economic Analysis on Friday.The figure is a significant slowdown from the 1%…

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Find out the latest on redevelopment of the former Varsity site near downtown Athens

Two development firms and an associated real estate investment company, with home bases in Georgia, North Carolina and Colorado, now have a hand in bringing a massive mixed-use development to the former longtime site of the Varsity near downtown Athens. The 6.21-acre tract includes the Varsity property and adjacent tracts assembled by the Atlanta-area Gordy family,…

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