US Core PCE YoY
Core PCE (excluding food & energy):
- &]:mt-2 list-disc space-y-2 pl-8″ depth=”0″ data-v-7f05d5e4>
- Prior was +2.8%
- Core m/m +0.2% vs +0.2% exp
- Unrounded core PCE +0.156% vs +0.1149% m/m prior
- PCE excluding food, energy and housing +0.2% m/m vs +0.1% m/m prior
Headline PCE:
- &]:mt-2 list-disc space-y-2 pl-8″ depth=”0″ data-v-7f05d5e4>
- Headline PCE +2.6% y/y vs +2.6% expected
- Deflator +0.3% m/m vs +0.3% expected
- Unrounded headline +0.2557% vs +0.128% m/m prior
Consumer spending and income for December:
- &]:mt-2 list-disc space-y-2 pl-8″ depth=”0″ data-v-7f05d5e4>
- Personal income +0.4% vs +0.4% expected. Prior month +0.3%
- Personal spending +0.7% vs +0.5% expected. Prior month +0.4% (revised to +0.6%)
- Real personal spending +0.4% vs +0.3% prior
- Savings rate 3.8% vs 4.4% prior
The unrounded core PCE number almost made it to +0.1% but overall these numbers are in-line with estimates. The other standout is the strength in the consumer, which also isn’t a big surprise given the high consumption reading in yesterday’s PCE report.
Overall, the US dollar is little changed on the report.