01:30 PM GMT, United States - Inflation Data for June:
- Real Personal Consumption: actual 0.2% MoM; previous 0.4% MoM;
- Personal Income: actual 0.2% MoM; forecast 0.4% MoM; previous 0.4% MoM;
- PCE Price index: actual 2.5% YoY; forecast 2.5% YoY; previous 2.6% YoY;
- PCE price index: actual 0.1% MoM; forecast 0.1% MoM; previous 0.0% MoM;
- Core PCE Price Index: actual 0.2% MoM; forecast 0.2% MoM; previous 0.1% MoM;
- Core PCE Price Index: actual 2.6% YoY; forecast 2.5% YoY; previous 2.6% YoY;
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Open account Try demo Download mobile app Download mobile appIn June, U.S. personal income rose, driven by increased compensation and transfer receipts, while disposable income also saw growth. Consumer spending climbed, particularly in services such as international travel and housing, though it was partially offset by declines in motor vehicle and gasoline expenditures. The overall price index saw a modest increase, with food prices slightly up and energy prices down. Over the past year, the PCE price index rose 2.5%, reflecting stable but modest inflation, which is relatively favorable for the Fed.
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