The bank now expects headline personal consumption expenditures (PCE) to reach 2.9% by the end of the year, which is a jump of 0.8%. Core PCE is projected to go up 0.2 points from original predictions, reaching 2.4%.Unfortunately, that disruption affects the entire economy. When oil goes up, transport costs rise. Manufacturing is more expensive, which makes consumer prices higher. From there, household spending power is diminished and pretty much everybody loses, right?Around 20% of the world’s oil needs to ...