Core:
- Prior was +2.5%
- Core m/m 0.2% vs +0.15% exp
- Unrounded core PCE +0.1788%
- Supercore (services ex-shelter)
- Services inflation
Headline PCE:
- Headline PCE +2.3% y/y vs +2.3% expected
- Deflator +0.1% m/m vs +0.12% expected
- Unrounded m/m +0.1358%
Consumer spending and income for March :
- Personal income -0.4% vs +0.3% expected. Prior month +0.8%
- Personal spending -0.1% vs +0.1% expected. Prior month +0.2%
- Real personal spending -0.3% vs +0.1% prior
- Savings rate
USD/JPY was trading at 144.58 ahead of the data and is down to 144.44 afterwards.
This isn’t a great report on a couple fronts. The headline was in-line (though a touch high unrounded) but core was hotter than expected. The income side was weak and so was spending, which fits in with some of the corporate commentary we’ve heard (like Target).
This article was written by Adam Button at www.forexlive.com.
#PCE #core #expected #Forexlive
latest news today, news today, breaking news, latest news today, english news, internet news, top news, oxbig, oxbig news, oxbig news network, oxbig news today, news by oxbig, oxbig media, oxbig network, oxbig news media
HINDI NEWS
News Source
