PCE price index rises more than expected in August
August Personal income and Outlays: +0.3% M/M vs. +0.3% expected and +0.3% prior (revised from +0.2%).
Personal spending: +0.4% M/M vs. +0.2% expected and -0.2% prior (revised from +0.1%).
PCE Price Index: +0.3% M/M vs. +0.2% expected and -0.1% prior.
+6.2% Y/Y vs. +6.1% expected and +6.3% prior.
Core PCE Price Index: +0.6% M/M vs. +0.5% expected and +0.1% prior.
+4.9% Y/Y vs. +4.8% expected and +4.6% prior.
On Tuesday, consumer confidence improved for the second straight month
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