- Prior was 1.6% y/y
- Core +0.2% m/m vs +0.1% expected
- Prior core -0.1% m/m
- PCE deflator 1.7% vs 1.7% y/y expected
- Prior PCE deflator +1.8% y/y (revised to +1.9%)
- PCE deflator +0.2% vs +0.2% m/m expected
- Prior deflator -0.2% m/m
- Personal income +0.4% vs +0.4% expected
- Prior personal income +0.2% (no revision)
- Personal spending +0.4% vs +0.4% expected
- Prior personal spending 0.0% (revised to +0.3%)
- Real personal spending +0.2% vs +0.2% expected
- Prior real personal spending +0.3% (revised to +0.5%)
Digging deeper into the numbers, core PCE y/y was +1.538% unrounded so that's a good sign.
What's a bit troubling is that all the inflation is coming from services, durable goods are highly deflationary.
- Goods +0.3% y/y
- Durable goods -2.7% y/y
- Non-durable goods +1.9% y/y
- Services +2.4%
No comments:
Post a Comment