US PCE price index rose to 3.3% yoy, core PCE up to 4.2% yoy

<p>US personal income edged up by 0.2% mom, or USD 45.0 billion, missing the anticipated 0.3% increase. The modest gain in income primarily reflected an uptick in compensation, which was partially offset by a decline in personal current transfer receipts. Conversely, personal spending outperformed expectations, registering a 0.8% mom rise, or an increase of USD [&#8230;]</p>
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