Re:Thousands of CEOs just admitted AI had no impact on emplo...
by gsf_emergency_6 on Thursday February 19, 2026 @03:30AM
(#47071351)
Nominal spending:PCE price index
https://en.wikipedia.org/wiki/Personal_consumption_expenditu...
Is consumer spending measured in total dollars spent? If so, isn't that curious wrinkle in an economy of rising prices, and decreasing purchasing power?
If true, I believe less quantity could be purchased at a higher cost per person, making it appear that consumer spending is up.
Presumably these numbers are benchmarked/peg to some sort of constant and/or standardization