- 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?
This article was written by Greg Michalowski at www.forexlive.com.