US core PCE yy
- Prior month 2.8% (revised to 2.9%)
- PCE core m/m +0.3% vs +0.3% anticipated (unrounded +0.261%)
- Prior m/m core +0.4% (revised to +0.5%)
- Headline PCE +2.5% y/y vs +2.5% anticipated (prior 2.4%).
- Headline m/m +0.3% vs +0.4% anticipated (unrounded +0.333%)
- 6 month core annualized 2.9% vs 2.6% prior
- Full report
Shopper spending and client revenue for February:
- Private revenue +0.3% versus +0.4% anticipated. Prior month 0.3%.
- Private spending +0.8% versus +0.5% anticipated. Prior month +0.2%
- Actual private spending +0.4% vs -0.1% final month (revised to -0.2%)
The revisions to the January information are a contact increased however it did not bump up the Feb y/y numbers.
General, it is a tad sizzling however the greenback is a tad softer, maybe specializing in the decrease headline m/m studying.
Trying deeper at spending, items rose 0.5% with providers up 0.9%. On the inflation aspect, items costs had been down 0.2% y/y whereas providers costs rose 3.8% y/y.
US core PCE mm
