- Prior month 2.6%
- Core PCE MoM 0.1% versus 0.1% estimate. Prior month revise to 0.1% from 0.0%
- Core PCE YoY 2.5% versus 2.5% estimate. Prior month revised up to 2.7% from 2.6%.
- PCE MoM 0.1% versus 0.1% estimate. Prior month 0.0%
- PCE YoY 2.1% versus 2.2% estimate. I month 2.3%
- PCE excluding food and energy 0.1% versus 0.0% last month
- PCE services prices ex energy 0.0% versus 0.2% last month
Looking at personal income and personal consumption:
- Personal income +0.8% versus 0.3% estimate. The prior month was revised higher to 0.7% from 0.5%. Strong income data.
- Personal consumption 0.1% versus 0.7% last month. Consumption adjusted 0.2% versus 0.2%
The personal income is a strong two months back to back. That is good for the consumer. The PCE data came in as expected.
Not bad, in fact good, but what is to come?
