PCE core YoY 1.9% vs 1.9% estimate

  • PCE core MoM, 0.1% versus 0.2% estimate. Prior month 0.1%
  • PCE Core YoY, 1.9% versus 1.9% estimate. Prior month 1.8%
  • PCE deflator MoM, 0.1% versus 0.0% estimate.. Prior month 0.2%
  • PCE delfator YoY, 1.8% versus 1.8% estimate. Prior month 2.0%

The PCE core is a measure of inflation the Fed follows. The 1.9% is still below the 2.0% reading that they target.