Data Round-Up: Real Consumption on Track for +3.5% Growth in 18Q3

posted by Michael Lewis on September 28, 2018

Found in US, categorized in Macro

Tags: consumption inflation

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Real consumption appears headed for a solid +3.5% annualized gain in 18Q3. Core PCE inflation, now at the Fed’s +2% target, will likely drift up through next year. Regional surveys show healthy momentum for both manufacturing and services.


FMI’s analyses of today’s August Personal Income & Consumption report and September Chicago Purchasing Managers Index, as well as our Summary of major data released in September and Schedule of major data reports in October. 

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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