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- Prior m/m +0.2%
- Headline inflation PCE +2.2% y/y vs +2.3% expected (Prior +2.5%)
- Deflator +0.1% m/m vs +0.1% expected (prior was +0.2%)
- Unrounded +0.0907% m/m vs +0.155% prior
Consumer spending and income for August:
- Personal income +0.2% vs +0.4% expected. Prior month +0.2%
- Personal spending +0.2% vs +0.3% expected. Prior month +0.5%
- Real personal spending +0.1% vs +0.4% prior
Core unrounded was +0.1304%, which is a touch below the +0.14% that Waller touted. The income and spending numbers are also a touch soft, which should boost confidence that the economy is cooling. The US dollar hit a session low against the yen after the data but the moves have been moderate.
Christoper Waller
