Consumer Spending

Consumer spending, measured by Personal Consumption Expenditures (PCE), makes up approximately two-thirds of the economy and is a direct measure of purchasing activity. PCE is a reliable indication of inflation because it is calculated from data acquired directly from the GDP report and businesses. It shows us where consumers are spending their dollars, whether it be durable and non-durable goods, …

Retail Sales

Retail Sales are the total amount of merchandise and related services sold to consumers. It is considered a sign of strength of U.S. Consumer spending, which accounts for roughly two-thirds of the economy. This indicator also provides insight into which areas of the retail space are experiencing strong sales.   In July, retail sales declined by 1.12% to $617.7 billion. Excluding auto …

10-Year Treasury Rate

The 10-Year Treasury Rate is the yield received for investing in a US government-issued bond that has a maturity of ten years. When the yield rises, it means that there is less demand for US Treasuries, and they are therefore trading at a lower price. Conversely, when the yield declines, it means that investors are buying more Treasuries and driving …