Prior m/m +0.1%Unrounded core PCE was +0.254% Core PCE +2.7% y/y vs +2.6% expectedHeadline inflation PCE +2.1% y/y vs +2.1% expected (Prior +2.2, revised to +2.3%)Deflator +0.2% m/m vs +0.2% expected Unrounded +0.175% m/m vs +0.0907% prior
Consumer spending and income for August:
Personal income +0.3% vs +0.3% expected. Prior month +0.2%Personal spending +0.5% vs +0.4% expected. Prior month +0.2% (revised to +0.3%)Real personal spending +0.4% vs +0.1% prior (revised to +0.2%)
The unrounded numbers here reveal softer inflation than the headlines, particularly on core m/m, which was very close to being reported as +0.2%. Meanwhile, the consummption numbers were very strong and we got a preview of that in yesterday’s GDP report.
This article was written by Adam Button at www.forexlive.com.
