US June core PCE 4.6% vs. 4.7% expected

• Prior was +4.8% y/y
• Core m/m +0.1% vs +0.3% expected
• PCE price index -0.1% vs +1.0% prior
• Price index y/y +4.6% vs +6.8% prior

Consumption:

• Personal income +0.2% vs +0.6% exp
• Real personal consumption +0.2% vs -0.4% prior
• Consumption adjusted +0.1% vs +0.4% expected
• Prior consumption +1.1%

Consummption was on the soft side but all the focus is on the misses on core and headline inflation Inflation Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Read this Term. That's more evidence -- along with CPI -- that prices weren't running as hot in July. There will be more of that in August.

The pricing for 75 bps is too high.