June PCE core 1.5% vs +1.4% y/y expected

• Prior was +1.4% (revised to +1.5%)
• PCE core +0.1% vs +0.1% m/m expected
• PCE deflator 1.4% vs +1.3% y/y expected
• PCE deflator 0.0% vs +0.0% m/m expected

Consumers:

• Personal income 0.0% vs +0.4% expected
• Prior personal income +0.4% (revised to +0.3%)
• Personal spending 0.1% vs +0.1% expected
• Prior personal spending +0.1% (revised to +0.2%)

The miss on personal income along with a downward revision stands out in a report that was generally close to expectations.
The market is little changed on the data.