Saturday , 15 February 2025
Home Forex US February PCE core inflation +2.8% y/y vs +2.8% expected
Forex

US February PCE core inflation +2.8% y/y vs +2.8% expected

  • Prior month 2.8% (revised to 2.9%)
  • PCE core m/m +0.3% vs +0.3% expected (unrounded +0.261%)
  • Prior m/m core +0.4% (revised to +0.5%)
  • Headline PCE +2.5% y/y vs +2.5% expected (prior 2.4%).
  • Headline m/m +0.3% vs +0.4% expected (unrounded +0.333%)
  • 6 month core annualized 2.9% vs 2.6% prior
  • Full report

Consumer spending and consumer income for February:

  • Personal income +0.3% versus +0.4% expected. Prior month 0.3%.
  • Personal spending +0.8% versus +0.5% expected. Prior month +0.2%
  • Real personal spending +0.4% vs -0.1% last month (revised to -0.2%)

The revisions to the January data are a touch higher but it didn’t bump up the Feb y/y numbers.

Overall, it’s a tad hot but the dollar is a tad softer, perhaps focusing on the lower headline m/m reading.

Looking deeper at spending, goods rose 0.5% with services up 0.9%. On the inflation side, goods prices were down 0.2% y/y while services prices rose 3.8% y/y.

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

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Articles

Forexlive Americas FX news wrap 14 Feb: Retail sales show consumer weakness to start year

S&P misses on a record close. Nasdaq closes higherKey economic releases scheduled...

S&P misses on a record close. Nasdaq closes higher

Major US stock indices are closing mixed to end the trading week....

Key economic releases scheduled for next week’s trading.

Monday, February 1610:30pm – AUD: Cash Rate (Forecast: 4.10%, Previous: 4.35%)AUD: RBA...

Fed Logan (voting in 26): Next couple of months of inflation will be pretty important

The next couple of points of inflation will be pretty important.Even if...