Highlights of the July PCE report
- Prior spending +5.6%
- Personal income +0.4 vs -0.3% expected
- Prior personal income -1.1%
Inflation data:
- PCE deflator m/m +0.3% vs +0.4% expected
- PCE deflator y/y +1.0% vs +0.8% prior
- Core PCE m/m +0.3% vs +0.5% expected
- Core PCE y/y 1.3% vs +1.2% expected
The income and spending numbers are a great sign for spending going forward. The US dollar is a bit higher as this competes with some soft trade numbers.
