Personal Consumption Expenditure (PCE) Price Index

Macroeconomics, Industries and Politics
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49

I=6
Fed’s favorite inflation gauge (core PCE) came in 0.1% above estimate

  • PCE rose 0.2% in July, above 0.1% estimate.
  • On a yearly basis, PCE held steady at 3.7%, above 3.6% estimate.
  • Core PCE rose 0.2% on the month and 3.3% y/y, both in line with forecasts.
  • Personal income rose 0.4% (inflation rate: 0.1%) while spending increased 0.2%, above 0.2% and 0.1% estimates respectively.