AI Data Insight
In the fourth quarter of 2025, the year-over-year growth rate of US real personal consumption expenditures (PCE) reached 2.6%. Although this was a mild slowdown from the previous year's 2.8%, it remained steady amid the headwinds of the federal government shutdown. The strength in services spending offset the weakness in goods consumption, indicating that private sector demand remains supportive. Going forward, close attention must be paid to the potential erosion of real purchasing power by sticky inflation.