Roll Out The Barrel: Real Personal Spending Lowest Since September 2009 As Fed Rate Hike Probability Hits 82%

wallstreetexaminer.com / by Anthony B. Sanders via Confounded Interest / March 1, 2017

Today’s economic news feed should be of interest to the The Federal Reserve.

Core Personal Consumption Expenditures (sans food and energy) for January were +0.3% MoM and +1.7% YoY, below The Fed’s target inflation rate of +2.0%.

Of particular note is Real Personal Spending for January 2017. It fell -0.3% from December and is the lowest since September 2009, just after the end of The Great Recession in June 2009.

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