The chart linked in the question shows the Real Personal Consumption Expenditures (PCE) for the United States, as of January 2023. Real PCE is a measure of consumer spending on goods and services, adjusted for inflation.
The chart shows that Real PCE has been steadily increasing since 2020, with a big drop in mid-2020 and a huge spike in 2021. As of January 2023, Real PCE is at its highest level since 2019. This indicates that consumer spending is on the rise, which is a positive sign for the overall health of the economy.
It’s worth noting that Real PCE is an important indicator of economic growth, as consumer spending accounts for a large portion of the country’s Gross Domestic Product (GDP). When consumers are spending more money, businesses tend to hire more workers and produce more goods and services, leading to overall economic growth.
Econreviews 