US Core PCE Muted, Consumer Spending Solid in Dec.

The video tutorial discusses economic indicators for December, highlighting a 4/10 increase in personal incomes and a 7/10 rise in spending, surpassing forecasts. It connects these figures to strong consumer spending reflected in the quarterly GDP. The PCE price index shows a 3/10 monthly increase, with a 2.6% year-over-year rise, aligning with Fed Chair Powell's predictions. The ECI indicates a 9/10 gain in wages and salaries, suggesting Americans are keeping ahead of inflation. The Fed monitors these trends closely as they align with expectations.

What was the change in personal incomes during the month?

How did consumer spending in December compare to forecasts?

What were the year-over-year PCE price index figures mentioned?

What does the ECI measure and how did it perform?

What was the increase in wages and salaries as reported?