- Prior 2.8% (unrevised to 2.8%)
- PCE Core YoY 2.8% vs 2.7% estimate
- PCE Core MoM 0.3% vs 0.3% estimate.
- Prior MoM +0.3% unrevised to 0.3%
- Headline PCE 2.7% vs 2.6% estimate
- Headline MoM PCE 0.3% vs 0.3% expected
- For the full report CLICK HERE
Consumer spending and consumer income for March:
- Personal income 0.5% vs 0.5% estimate. Prior month 0.3%.
- Personal consumption 0.8% vs 0.6% estimate. Prior month 0.8%
- Real personal spending 0.5% vs 0.5% last month (revised from 0.4%).
The core PCE rise was 0.32% actually. This is actually better than was feared. It looks like the higher PCE from yesterday”s GDP PCE was in January. January can be wonky due to end of year/beginning of year volatility.
The rate cut expectations is only marginally higher in September vs the 58% chance prior to the report.
This article was written by Greg Michalowski at www.forexlive.com.
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