Personal consumption spending in the 2nd quarter increased at an almost 4.4% annual rate while broader GDP growth barely cleared the 1% hurdle. GDP is the blue bars in the chart and personal consumption spending is the gold line.
Jeremy Jones, CFA, CFP® is the Director of Research at Young Research & Publishing Inc., and the Chief Investment Officer at Richard C. Young & Co., Ltd. Richard C. Young & Co., Ltd. was ranked #10 in CNBC's 2019 Financial Advisor Top 100. Jeremy is also a contributing editor of youngresearch.com.
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