Consumer Spending And PCE Inflation Slowed In February; 4Q-22 Real GDP Growth Revised To 2.6%

The Bureau of Economic Analysis released its monthly reports on gross domestic product and personal income and spending last week. The BEA lowered its estimate of real GDP growth for 4Q-22 to 2.6% in the final of three estimates. That’s down a tad from 2.7% in the second estimate last month. BEA: GDP 4Q-22 Revision On…