Details of the September 2016 US PCE data report 31 October 2016
0.1% vs 0.1% exp m/m. Prior 0.2%
PCE 1.2% vs 1.0% prior y/y
0.2% vs 0.1% prior m/m. Revised to 0.2%
Core PCE stays steady at 1.7% and that will be comforting to the Fed.
There's been next to no move in the dollar after these numbers as there's nothing here that's a game changer. If the core PCE had hit 1.9% or 2.0% we would have seen a decent move but the market is right on board with a Dec hike, as long as we see no collapse in the data.
US Core PCE y/y
