Personal Consumption Expenditures: Strong But Vulnerable
By: ZerborMonthly estimates of Personal Consumption Expenditures (PCE) contained in the report on Personal Income and Outlays, published by the Bureau of Economic Analysis (BEA), constitute some of the most important high frequency indicators of economic activity in the U.S. The value of Personal Consumption Expenditures, represents over 60% of US GDP. The most recent…