US Economy: Core PCE Cools to Slowest Pace Since May

The transcript discusses economic data, comparing forecasts with actual figures. It covers year-over-year performance, personal income, and spending trends. The significance of these numbers is highlighted, noting discrepancies in expectations and actual outcomes. Jay Powell's input and the importance of these figures for the Federal Reserve's targets are also discussed.

What was the forecasted change in economic indicators compared to the actual change?

• 2/10 of a percent

• 1/10 of a percent

• 3/10 of a percent

• 4/10 of a percent

How did the core year-over-year economic indicator change compared to expectations?

• It increased slightly

• It decreased

• It remained the same

• It increased significantly

What was the change in personal income for the month?

• 2/10

• 1/10

• 3/10

• 4/10

How did personal spending change compared to expectations?

• It met expectations

• It was not measured

• It was lower than expected

• It was higher than expected

Why is the discussed economic number considered important?

• It is not widely recognized

• It is a new metric

• It is the Fed's target number

• It is rarely accurate