US February personal spending +0.2% vs +0.2% expected

Highlights of the February PCE report

• Prior was +0.2%
• Personal income +0.6% vs +0.4% expected
• Prior personal income +0.6%
• PCE deflator m/m +0.1% vs +0.1% expected
• PCE deflator y/y +1.8% vs +1.7% expected
• PCE core deflator m/m +0.2% vs +0.2% expected
• PCE core deflator y/y +1.8% vs +1.7% expected

The better personal income number is a nice little bump ahead of what's going to be hard times for many people.