The core personal consumption expenditures price index was expected to increase 0.3% in February.

Key Points

  • The personal consumption expenditures price index excluding food and energy increased 2.8% on a 12-month basis and was up 0.3% from a month ago, matching estimates.
  • Core PCE was up 0.3% for the month and 2.5% at the 12-month rate, compared to estimates for 0.4% and 2.5%.
  • Consumer spending shot up 0.8% on the month, well ahead of the 0.5% estimate. Personal income increased 0.3%, slightly softer than the 0.4% estimate.
  • Verdant Banana
    0•8 months ago

    where is that personal income increase?

    must have missed those numbers when looked at the bank balance last