US PCE Core YoY 1.8% vs 1.9% estimate.

PCE Deflator 1.4% vs 1.4% estimate

• US PCE core YoY for January 1.8% versus 1.9% expected. Prior month revised to 2.0% from 1.9%
• US PCE Deflatior YoY for January 1.4% versus 1.4% estimate. Prior month revised to 1.8% from 1.7%
• US PCE core MoM for January 0.1% versus 0.2%. Prior month unrevised at 0.2%
• US PCE deflator MoM for January -0.1% versus 0.0% expected. Prior month 0.1% unrevised
• Personal Income for February0.2% versus 0.3% expected. Prior month -0.1% unrevised
• Personal spending for January 0.1% versus 0.3% expected. Prior month -0.6% versus 0.5% previously reported

The Fed si particularly sensitive to the inflaton readings and the core PCE and PCE deflator are both below their 2.0% targets. The Core reading could only get to 2.1% at the high. Spending and income also less than expected