PCE
  • Prior month 2.6%
  • Core PCE MoM 0.1% versus 0.1% estimate. Prior month revise to 0.1% from 0.0%
  • Core PCE YoY 2.5% versus 2.5% estimate. Prior month revised up to 2.7% from 2.6%.
  • PCE MoM 0.1% versus 0.1% estimate. Prior month 0.0%
  • PCE YoY 2.1% versus 2.2% estimate. I month 2.3%
  • PCE excluding food and energy 0.1% versus 0.0% last month
  • PCE services prices ex energy 0.0% versus 0.2% last month

Looking at personal income and personal consumption:

  • Personal income +0.8% versus 0.3% estimate. The prior month was revised higher to 0.7% from 0.5%. Strong income data.
  • Personal consumption 0.1% versus 0.7% last month. Consumption adjusted 0.2% versus 0.2%

The personal income is a strong two months back to back. That is good for the consumer. The PCE data came in as expected.

Not bad, in fact good, but what is to come?

Source: Forex Live