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US May core PCE inflation +4.6% y/y vs +4.7% expected

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US core PCE

  • Prior was +4.7%
  • PCE core +0.3% m/m vs +0.3% expected
  • Prior MoM +0.3%
  • Headline inflation PCE +3.8% y/y vs +4.4% prior (revised to +4.3%)
  • Deflator +0.1% m/m vs +0.4% prior

Consumer spending and income for May:

  • Personal income +0.4% vs +0.3% expected. Prior month +0.4% (revised to +0.3%)
  • Personal spending +0.1% vs +0.2% expected. Prior month +0.5% (revised to +0.2%)
  • Real personal spending +0.0% vs 0.5% prior

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