- Prior 0.4%.
- Consumer spending 0.4% vs 0.4% exp m/m. Prior 0.2%. Revised to 0.3%
- Core PCE price index 1.5% vs 1.5% prior y/y
- Core PCE 0.1% vs 0.1% exp. Prior 0.2%
- PCE price index 1.6% vs 1.8% prior y/y. Revised to 1.7%
- 0.2% vs 0.2% prior m/m. Revised to 0.3%
- Personal savings rate 5.3% unch vs May
Not much to take from these numbers. It confirms higher income and spending but there’s no real big boost seen here which takes some gloss off the inflation outlook.
There’s nothing here the Fed needs to worry about.
US personal incomes/consumption 01 08 2014
