PCE Index Gains Highest Since 2012 - Adviser Investments

PCE Index Gains Highest Since 2012

Ryan Christensen, account executive at Adviser Investments, has the market analysis for Thursday, August 30. There were slight dips across all the major U.S. stock indexes, with the Dow Jones Industrial Average, S&P 500 and NASDAQ down 0.5%, 0.4% and 0.3%, respectively. The decline came late in the day following reports of President Trump’s continued support of the previously announced $200 billion in Chinese import tariffs. Meanwhile, the Commerce Department released July’s personal consumption expenditures (PCE) index data: The PCE rose 0.1% from June 2018 and 2.3% since July 2017. This is the largest increase since 2012 and a reflection of robust consumer spending.

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