Core:
- Prior was +2.9%
- Core
m/m +0.2% vs +0.2% exp - Unrounded
core PCE - Supercore
(services ex-shelter) - Services
inflation
Headline PCE:
- Headline
PCE 2.7% vs 2.7 exp - Deflator +0.3% m/m vs +0.3% exp
- Unrounded
m/m
Consumer spending and income for August :
- Personal
income +0.4% vs +0.3% expected. Prior month +0.4% - Personal
spending +0.6% vs +0.5% expected. Prior month +0.5% - Real
personal spending +0.4% vs +0.4% prior
The year-over-year core PCE number really highlights the Fed’s problem. This isn’t the pre-covid period anymore.
This article was written by Adam Button at investinglive.com.
