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Core PCE Runs Hot while Personal Spending Jumps More than Expected
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On an annual basis, the Core PCE Index rose 4.4%.
Personal income increased $131.10 billion (0.6 percent) in January, according to estimates released today by the Bureau of Economic Analysis. Ahead of the report, traders were pricing in a 1.0% increase.
Disposable personal income increased $387.4 billion (2.0 percent) and personal consumption expenditures (PCE) increased $312.5 billion (1.8 percent).
The PCE price index increased 0.6 percent. Excluding food and energy, the PCE price index also increased 0.6 percent. Traders were looking for the so-called Core PCE Index to rise 0.4%. On an annual basis, the Core PCE Index rose 4.4%.
For a look at all of today’s economic events, check out our economic calendar.
About the Author
James Hyerczykauthor
James Hyerczyk is a U.S. based seasoned technical analyst and educator with over 40 years of experience in market analysis and trading, specializing in chart patterns and price movement. He is the author of two books on technical analysis and has a background in both futures and stock markets.
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