by Calculated Danger on 1/31/2025 08:30:00 AM
The BEA launched the Private Earnings and Outlays report for December:
Private earnings elevated $92.0 billion (0.4 p.c at a month-to-month price) in December, based on estimates launched at present by the U.S. Bureau of Financial Evaluation. Disposable private earnings (DPI)—private earnings much less private present taxes—elevated $79.7 billion (0.4 p.c) and private consumption expenditures (PCE) elevated $133.6 billion (0.7 p.c).
Private outlays—the sum of PCE, private curiosity funds, and private present switch funds—elevated $129.5 billion in December. Private saving was $843.2 billion in December and the private saving price—private saving as a share of disposable private earnings—was 3.8 p.c.
emphasis added
The December PCE worth index elevated 2.6 p.c year-over-year (YoY), up from 2.4 p.c YoY in November, and down from the latest peak of seven.0 p.c in June 2022.
The next graph exhibits actual Private Consumption Expenditures (PCE) by December 2024 (2017 {dollars}). Observe that the y-axis does not begin at zero to higher present the change.
Click on on graph for bigger picture.
The dashed purple traces are the quarterly ranges for actual PCE.
Private earnings was at expectations, and PCE was barely above expectations.
Inflation was barely above expectations.
