Prior was +2.5%Core m/m 0.2% vs +0.15% expUnrounded core PCE +0.1788%Supercore (services ex-shelter) Services inflation
Headline PCE:
Headline PCE +2.3% y/y vs +2.3% expectedDeflator +0.1% m/m vs +0.12% expectedUnrounded m/m +0.1358%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. Read More Details
Finally We wish PressBee provided you with enough information of ( US May PCE core +2.7% y/y vs +2.6% expected )
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