November 27th, 2024 - Volume 10 (2024), Missive 256 (Wednesday)
Personal Income & Spending
GDP and PCE Prices
Advanced Durable Goods
Given the truncated holiday week, the government has published a significant amount of data in one fell swoop. This is typically the case and, given the significance of the numbers, deserves a significant amount of time to go through. As such, today’s missive is simply a number of updated charts with just a bit of written context for each. As time goes on, we’ll pull out more insights out of the data as a whole for easier digestion. Until then, enjoy the feast!
The share of personal income coming from employee compensation is slipping again which has enormous ramifications for consumption patterns overall.
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