April US PCE core 1.6% y/y vs 1.6% y/y expected

Inflation data in the PCE report:

• Prior PCE core 1.6% y/y
• PCE deflator 1.1% vs 1.1% y/y expected
• Prior PCE deflator +0.8% y/y

Month-over-month data:

• PCE core +0.2% vs +0.2% exp
• Prior PCE core +0.1%
• PCE deflator +0.3% vs +0.3% exp

These numbers all hit expectations right on the nose. Needless to say, they won't move the market.