Highlights for the PCE inflation report

  • Prior PCE core reading was 1.3%
  • Core m/m 0.1% vs 0.1% exp
  • PCE deflator +0.2% y/y vs +0.2% exp
  • Prior PCE deflator +0.7% y/y (revised to +0.8%)
  • Deflator m/m -0.5% vs -0.5% exp

The economists nailed the estimates this time.

The Fed will be a bit worried about low inflation overall but the core held steady.