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  • US Personal Income and Outlays, June 2024

    From bea.gov

    Personal income increased $50.4 billion (0.2 percent at a monthly rate) in June, according to estimates released today by the U.S. Bureau of Economic Analysis (tables 2 and 3). Disposable personal income (DPI), personal income less personal current taxes, increased $37.7 billion (0.2 percent) and personal consumption expenditures (PCE) increased $57.6 billion (0.3 percent). The PCE price index increased 0.1 percent. Excluding food and energy, the PCE price index increased 0.2 percent (table 5). Real DPI increased 0.1 percent in June and real PCE increased 0.2 percent; goods increased 0.2 percent and services ... (full story)

Added at 8:36am

Added at 8:44am

  • PCE inflation slips to 2.5% in June - BEA

    From ng.investing.com

    Overall U.S. inflation cooled as expected in June, adding to expectations that the U.S. Federal Reserve will start cutting interest rates in September. According to data from the Bureau of Economic Analysis, the personal consumption expenditures (PCE) price index slipped to 2.5% in June, from 2.6% the prior month. Economists had expected the figure to climb to 2.5%. Stripping out volatile items like food and fuel, the year-on-year "core" gauge, widely known as the Fed's preferred gauge of inflation, remained at 2.6%, unchanged from the May figure. It was seen slowing to 2.5%. Month-on-month, the headline figures ... (full story)

Added at 8:47am

  • Overall U.S. inflation cooled as expected in June, adding to expectations that the U.S. Federal Reserve will start cutting interest rates in September

    From zerohedge.com

    The broadly weak trend of US macro data was jolted yesterday by a hotter than expected GDP print - which prompted a hawkish shift in rate-cut expectations. This morning, the doves get another chance for some 'bad news' (disinflation) to support their 'we must cut' narrative (that Dudley et al. have exposed). The Fed's favorite inflation indicator - Core PCE - instead came in slightly hotter than expected, rising 2.6% YoY (vs +2.5% YoY exp). The headline PCE dipped to +2.5%... chart Under the hood, durable goods deflation continues to drag Core PCE lower while Services costs continue to rise... chart Even more ... (full story)

Still dovish
From the same month one year ago, the PCE price index for June increased 2.5% which is in line with market expectation.
Quoting frioslegend
Still dovish
No rather bullish for the dollar.
Mixed but softer than expected report. To three decimals Core PCE Price Index came in at 0.182%. The y/y core figure remained unch at 2.6%.


Personal Spending increased by $57.6 billion (0.3%), reflecting higher spending on goods and services. Notably, spending on durable goods such as motor vehicles and parts, and non-durable goods like gasoline, contributed significantly. Prior month was revised higher.


Overall PCE price index increased by 0.1 percent, 0.79% to three decimals. 2.5% y/y.

Personal Income was below expectations and last month revised lower. It increased by $50.4 billion (0.2% m/m), primarily due to increases in compensation and personal current transfer receipts.

Personal saving decreased to $703.0 billion from $720.5 billion in the previous month. The personal saving rate fell to 3.4 percent from 3.5 percent, indicating that consumers were saving a smaller portion of their income.
We must learn who is gold, and who is gold plated
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Quoting Ericedge
{quote}No rather bullish for the dollar.
that is exactly what happened this PCE price index made the dollar volatile same thing happened with the Nasdaq100
The market indicated volatility immediately after this news was published
this data give the fed to cut rate in september. i believe so
market move so slowly
ez money
Quoting EventsTrader
To three decimals Core PCE Price Index came in at 0.182%.


This makes quite the pairing with this week's strong advanced GDP report.
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