US May core PCE inflation +4.6% y/y vs +4.7% expected

• Prior was +4.7%
• PCE core +0.3% m/m vs +0.3% expected
• Prior MoM +0.3%
• Headline inflation PCE +3.8% y/y vs +4.4% prior (revised to +4.3%)
• Deflator +0.1% m/m vs +0.4% prior

Consumer spending and income for May:

• Personal income +0.4% vs +0.3% expected. Prior month +0.4% (revised to +0.3%)
• Personal spending +0.1% vs +0.2% expected. Prior month +0.5% (revised to +0.2%)
• Real personal spending +0.0% vs 0.5% prior