President Trump’s economic successes thus far have all been largely superficial, and while they are clear wins for the President, they have not produced the economic momentum necessary to grow the economy convincingly over the longer term. The May Personal Income and Outlays Report is for Donald Trump an inconvenient reminder of just how fragile his good economic track record is thus far.
Contents
Links And Sources
May Personal Income and Outlays Report (BEA): https://www.bea.gov/news/2025/personal-income-and-outlays-may-2025
May PCEPI Year on Year: https://fred.stlouisfed.org/graph/?g=1G7dx#
May PCEPI Month on Month: https://fred.stlouisfed.org/graph/?g=1E6zm#
May PCEPI Energy Month on Month: https://fred.stlouisfed.org/graph/?g=1E2ns
May PCEPI Food Month on Month: https://fred.stlouisfed.org/graph/?g=1E2nB#
May PCEPI Goods and Services Month on Month: https://fred.stlouisfed.org/graph/?g=1E2nM#
May Consumption Month on Month: https://fred.stlouisfed.org/graph/?g=1E6FT#
“Inflation Slows Despite Tariff Threat”: https://newsletter.allfactsmatter.us/p/inflation-slows-despite-tariff-threat
May Consumption In Durable Goods Month on Month: https://fred.stlouisfed.org/graph/?g=1E7gI#
Real Personal Consumption Month on Month: https://fred.stlouisfed.org/graph/?g=1E6FT#
Real “Core” Personal Consumption Month on Month: https://fred.stlouisfed.org/graph/?g=1JRtS
Real Energy Personal Consumption Month on Month: https://fred.stlouisfed.org/graph/?g=1JRu8
Real Food Personal Consumption Month on Month: https://fred.stlouisfed.org/graph/?g=1JRtU
May Wages vs Inflation Month on Month: https://fred.stlouisfed.org/graph/?g=1JRs2#
May Personal Income Month on Month: https://fred.stlouisfed.org/graph/?g=1JRrI
May Compensation Month on Month: https://fred.stlouisfed.org/graph/?g=1JRt1
May Earnings vs CPI and PCEPI Indexed: https://fred.stlouisfed.org/graph/?g=1JRBf
“May Inflation Report Beats Expectations”: https://newsletter.allfactsmatter.us/p/may-inflation
“Iran-Israeli War: Who Will Win?”: https://newsletter.allfactsmatter.us/p/iran-israeli-war-who-will-win
“Jobs Recession Still Grips US”: https://newsletter.allfactsmatter.us/p/jobs-recession-still-grips-us
