US inflation stayed sticky in July while household income and spending both came in stronger than expected. Headline PCE Price Index rose 0.2% m/m, up from -0.1% in June and above 0.1% consensus, while annual rate held at 3.7%, slightly above 3.6% expected. Core PCE increased 0.2% m/m, up from 0.1%, while annual core inflation […]
The post US PCE Inflation Holds at 3.7%, Core Stays at 3.3% appeared first on ActionForex.
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Personal income advanced by 0.4% month-over-month (m/m) in July, slightly ahead of market expectations for 0.2% gain. After adjusting for inflation, taxes, and transfers, real disposable personal income was also up by 0.4% m/m. Consumer Read more…