Data Round-Up: Real Consumption on Track for +3% Gain in 18Q3

posted by Michael Lewis on August 30, 2018

Found in US, categorized in Growth Outlook and Business Cycle

Tags: personal income consumption UI claim rail traffic result

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Despite continued softness in autos, real consumption remains on track for +3% annualized growth in 18Q3. Core PCE inflation, now at the Fed’s +2% target, will likely drift up into next year.


FMI’s analyses of today’s July Personal Income & Consumption plus the latest Weekly UI Claims & Rail Traffic results. 

About Michael Lewis

Michael Lewis

Mike Lewis founded Free Market Inc. (FMI) in 1982 as a full-service economic consulting firm, providing insights and in-depth data analysis primarily for institutional money managers and corporate planning directors.

FMI has compiled a solid record of timely, independent and accurate economic forecasts.  FMI blends its unique analysis of indicators and experience with economic cycles into a consistent overall outlook. They offer both a comprehensive overview and in-depth detail that enable clients to integrate FMI’s insights into their decision-making process.

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