US May core PCE inflation +4.6% y/y vs. expected +4.7%.

US core PCE

  • Previous was +4.7%
  • Core PCE +0.3% m/m vs +0.3% expected.
  • Previous month +0.3%
  • Headline PCE inflation +3.8% y/y vs. +4.4% previously (revised to +4.3%)
  • Deflator +0.1% m/m vs. +0.4% previously

Consumer spending and income for May:

  • Personal income +0.4% vs expected +0.3%. Previous month +0.4% (revised to +0.3%)
  • Personal expenses +0.1% vs. +0.2% expected. Previous month +0.5% (revised to +0.2%)
  • Real Personal Spending +0.0% vs. 0.5% previously

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