- Prior 5.0%
- Core PCE prices 1.1% vs 1.2% exp. Prior 1.4%
- PCE -0.5% vs 0.8% exp. Prior 1.2%
- Personal consumption 4.3% vs 4.0% exp. Prior 3.2%
- Sales advance 1.8% vs 3.3% exp. Prior 5.0%
- GDP deflator -0.1% vs 1.0% exp . Prior 1.4%
A little soggy but the consumer spending number is a bit of a shining light.
USD/JPY dips to 117.51 from 117.64, very muted
Prices naturally showing a big loss and much worse than expected but the core holds up well considering. The consumption numbers are marred by the sales advance and it leaves the economy looking a little soft. If the US does start seeing prices really fall then that could really put the cat among the hawks.
US Q4 GDP 2014 1st est 30 01 2015
