The PCE price index, core PCE, real disposable income, real PCE, and goods all increased 0.1% in August Services increased 0.2%. The print was largely in line with expectations, with the YoY PCE registered 2.2% (2.7% core) as expected.
These data support the Fed’s recent actions and expectations of further cuts into the year end. Futures, having already priced in these data, are up slightly.
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