US June core PCE inflation +4.1% y/y vs +4.2% expected

<ul><li><a href="https://www.forexlive.com/news/us-may-core-pce-inflation-46-yy-vs-47-expected-20230630/" target="_blank" rel="follow">Prior </a>was +4.6%</li><li>PCE core 0.2% m/m vs +0.2% expected</li><li>Prior MoM +0.3%</li><li>Headline inflation PCE +3.0% y/y vs +3.0% expected (Prior +3.8%)</li><li>Deflator +0.2% m/m vs +0.2% expected (prior was +0.1%)</li></ul><p>Consumer spending and income for June:</p><ul><li>Personal income +0.3% vs +0.5% expected. Prior month +0.4% (revised to +0.5%)</li><li>Personal spending +0.5% vs +0.4% expected. Prior month +0.1%</li><li>Real personal spending +0.4% vs 0.0% prior (revised to +0.1%)</li></ul><p>This is a good report with inflation ticking down and slightly below the consensus on the y/y core. Headline is down to 3.0% and that shouldn't trouble the market. So far, market reaction has been minimal.</p>

This article was written by Adam Button at www.forexlive.com.