- Prior reading was +0.5%
- Personal income +0.4%, as expected
- Core PCE inflation 1.7% y/y, as expected
- PCE deflator 1.7% y/y, as expected
The rise in US spending wasn’t accompanied by an increase income, sending the savings rate to 3.3% from 3.7% in Aug.
Separately, the Sept Chicago Midwest manufacturing index 93.4 vs 93.8 prior.
