US Personal Consumption Expenditures (PCE) crashed in December to its lowest MoM reading since 2009.
On the inflation front, core PCE price growth YoY remained steady at 1.9% with the PCE Deflator declining to 1.7% YoY.
Consumer sentiment declined in February along with ISM New Orders.
But at least University of Michigan’s Buying Conditions for Houses rose in February, or it is just a blip in a downward trend.
This looks like the end of The Fed’s Quantitative Tightening.