Consumers Spending More as Prices Fall: "Strip out volatile energy and food costs, as economists like to do, and the core PCE rose at just 1.2 percent over the past year, its lowest reading in almost two years.
'This favorite inflation indicator of Chairman Greenspan is moving closer to dangerous deflationary territory,' analysts at BNP Paribas they warned in a research note"
The title of the article is "Consumers Spending More as Prices Fall". The last factoid in the article is:
Strip out volatile energy and food costs, as economists like to do, and the core PCE rose at just 1.2 percent over the past year, its lowest reading in almost two years.
"This favorite inflation indicator of Chairman Greenspan is moving closer to dangerous deflationary territory," analysts at BNP Paribas they warned in a research note
Is this responsible journalism? The title could have more have (and perhaps more accurately) titled "Consumer spending up: still hovering close to deflationary levels." So why wasn't it?
