= recessions
( HINT: Click-and-drag left-to-right on a chart to zoom in to a specific date range. Double-click on a chart to zoom back out. )
Real PCE (Personal Consumption Expenditures) Chart
This chart shows the year-over-year change in Real Personal Consumption Expenditures (PCE), in relation to the S&P 500. Real PCE measures consumer spending in real, inflation-adjusted dollars, so is valuable in GDP studies, and retail and consumer goods stock analysis. High PCE can also indicate higher demand-push inflationary times ahead, so can be a leading input.Note that Real PCE falls during recessions, as one would expect.
NOTE: Use the Legend link above the PCE chart to display hidden headline CPI values.