Prior was 2.8%
Core PCE (excluding food & energy):
Core y/y +3.0% vs +3.0% expectedPrior was +2.8%Core m/m +0.4% vs +0.4% expUnrounded core PCE ___% vs +0.285% m/m prior PCE excluding food, energy and housing +0.4% m/m vs +0.3% m/m priorSupercore (services ex-shelter) +0.2% m/m and +3.2% y/y
Headline PCE
Headline PCE +2.8% y/y vs +2.8% expectedDeflator +0.4% m/m vs +0.4% expectedUnrounded headline ___% vs +0.325% m/m prior (unrounded exp ___%)
Consumer spending and income for February:
Personal income -0.1% vs +0.3% expected. Prior month +0.4%Personal spending +0.5% vs +0.5% expected. Prior month +0.3%Real personal spending +0.1% vs 0.0% priorSavings rate 4.0% vs 4.6% prior
Real disposable income fell 0.5% in February as Americans drew on savings to spend in the month.
This article was written by Adam Button at investinglive.com.