Personal Spending Misses Expectations By Most Since January, Income Juiced By Government Handouts

• Prior 0.2%
• Unadjusted spending 0.3% vs 0.4% exp. Prior 0.2%. revised to 0.3%
• Personal income 0.4% vs 0.4% exp. Prior 0.4%
• Core PCE 1.2% vs 1.3% exp y/y. Prior 1.3%
• 0.1% vs 0.1% exp m/m. Prior 0.1%
• PCE 0.3% vs 0.3% prior y/y
• 0.1% vs 0.1% exp m/m. Prior 0.2%

The softer Core PCE will grab the headlines