PCE April 2024: Personal Spending Data Confirm Severe Economic Slowdown
By: Tom WernerThe Bureau of Economic Analysis, or BEA, has just released its estimate for April 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 in…