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
Latest posts by Jeremy Jones, CFA (see all)
- Facebook’s Talent Exodus is a Harbinger of Change, or Trouble - March 18, 2019
- The Real Reason Firms Buyback Stock - March 15, 2019
- Why Bill Gates Wants to Raise Your Taxes - March 14, 2019