No. 421: GDP Revision, January PCE Deflator and Durable Goods Orders
• GDP Revision Was Little More than Statistical Noise, Yet 4th-Quarter No Longer Is Comparable with Prior Periods
• Income Revised to Show Ongoing Surging Salaries and Wages of “Unknown” Nature
• Fed’s Inflation Target (PCE Deflator) Is A Poorly Regurgitated CPI Measure
• Durable Goods Orders Fell Net of Plunging Aircraft Orders
• Income Revised to Show Ongoing Surging Salaries and Wages of “Unknown” Nature
• Fed’s Inflation Target (PCE Deflator) Is A Poorly Regurgitated CPI Measure
• Durable Goods Orders Fell Net of Plunging Aircraft Orders
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