US March PCE core +5.2% y/y vs +5.3% expected

• Prior was +5.4% y/y (revised to +5.3%)
• PCE core MoM +0.3% vs +0.3% expected
• Prior MoM +0.4%
• Deflator YoY +6.6% vs +6.4% prior (revised to +6.3%)
• Deflator MoM +0.9% vs +0.6% prior

Consumers spending and income for March:

• Personal income +0.5% vs +0.4% expected. Prior month +0.5%
• Personal spending +1.1% vs +0.7% expected. Prior month +0.2%
• Real personal spending +0.2% vs -0.4% prior

There's lots to like here. Personal spending was strong, highlighting the strength in the consumer. The slight beat on core inflation will also add life to the 'peak 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' argument, though the deflator rising 0.9% in a month doesn't help.