Unreported Truth: U.S. Consumers Are Spending More Money

10/31/17 07:33AM EDT

Editor's Note: Below is a brief excerpt from today's Early Look written by CEO Keith McCullough. Click here to try a free month of the Early Look.

Unreported Truth: U.S. Consumers Are Spending More Money - 10.31.17 EL Chart

Un-reported by mainstream media, yesterday we had another trifecta of US economic #GrowthAccelerating reports:

  1. Real PCE (Personal Consumption Expenditure) #accelerated to +2.7% year-over-year in SEP vs. +2.5% in AUG
  2. Luxury Goods (personal aircraft, pleasure boats, jewelry, etc.) maintained its big 2017 ramp at +10% year-over-year
  3. Core PCE Deflator was flat, sequentially, at +1.3% year-over-year in SEP = a 2 year low

In other words, people who have money spent more of their money (and saved less of it).

Unreported Truth: U.S. Consumers Are Spending More Money - early look

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