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.