US PCE Inflation Eases, Personal Spending Falls in Dec.

The video discusses recent economic data, highlighting a slight increase in inflation and core rates, which aligns with expectations. Personal income rose slightly, while spending decreased, matching forecasts. The Fed is making progress in controlling inflation. Consumer spending showed a decline in November and December, indicating a slowing trend, despite an increase in October. These changes did not significantly impact GDP due to its quarterly reporting nature.

What was the change in the core rate compared to last month?

• It decreased by 1/10

• It increased by 3/10

• It increased by 5/10

• It remained the same

How did personal income change in the recent month?

• It decreased by 2/10

• It remained unchanged

• It increased by 3/10

• It increased by 2/10

What was the revised figure for personal spending last month?

• Positive 1/10

• Negative 1/10

• Positive 2/10

• Negative 2/10

What trend was observed in personal consumption during November and December?

• It remained stable

• It increased

• It decreased

• It fluctuated

What does the sequential move in consumer behavior indicate?

• An accelerating consumer

• A stable consumer

• A slowing consumer

• An unpredictable consumer