US Core PCE for July YoY 2.9% vs 2.9% anticipated

• Prior 2.8%
• Core PCE M/M 0.3% vs 0.3% expected
• Prior 0.3%

Headline PCE:

• PCE Y/Y 2.6% vs 2.6% expected
• Prior 2.6%
• PCE M/M 0.2% vs 0.2% expected
• Prior 0.3%

Income/Spending:

• Personal income M/M 0.4% vs 0.4% expected
• Prior 0.3%
• Personal spending M/M 0.5% vs 0.5% expected
• 0.3% prior (revised to 0.4%)

Minimal reaction in the markets, which shouldn’t be surprising given that the data came in line with expectations across the board. The market pricing remained unchanged as the focus remains on the US labour market data coming up next week.

This article was written by Giuseppe Dellamotta at investinglive.com.