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US March PCE core +2.6% y/y vs +2.6% expected

Core PCE (excluding food & energy):

  • Prior was +2.8% (revised to +3.0%)
  • Core m/m +0.0% vs +0.1% exp
  • Unrounded core PCE +% vs +0.38% m/m prior
  • Supercore (services ex-shelter) vs +3.34% y/y prior
  • Services inflation vs +0.375% m/m prior

Headline PCE

  • Headline PCE +2.3% y/y vs +2.2% expected
  • Deflator +0.0% m/m vs +0.0% expected
  • Unrounded headline +% vs +0.34% m/m prior

Consumer spending and income for March :

  • Personal income +0.5% vs +0.4% expected. Prior month +0.8 (revised to +0.7%)
  • Personal spending +0.7% vs +0.5% expected. Prior month +0.4% (revised to +0.5%)
  • Real personal spending +0.7% vs +0.1% prior
  • Savings rate % vs 4.6% prior

This article was written by Adam Button at www.forexlive.com.

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