Personal Income Risies Above Forecast, Core PCE Inflation In-Line

From FXstreet:

The Bureau of Economic Analysis informed that during March personal income increased 0.4%, above the 0.3% gain expected by market consensus; personal spending rose 0.1%, below expectations of a 0.2% increase.

The Personal Consumption Expenditure price index rose 0.8% year-over-year affected by the decline in crude oil prices while the core index increased 1.6%, both numbers were in line with expectations. The PCE price index is used by the Federal Reserve to measure inflation.

Key numbers:
“Personal income increased $57.4 billion, or 0.4 percent, and disposable personal income (DPI) increased $50.4 billion, or 0.4 percent, in March, according to the Bureau of Economic Analysis. Personal consumption expenditures (PCE) increased $12.8 billion, or 0.1 percent. In February, personal income increased $12.0 billion, or 0.1 percent, DPI increased $11.4 billion, or 0.1 percent, and PCE increased $21.4 billion, or 0.2 percent, based on revised estimates.

“Real DPI increased 0.3 percent in March, compared with an increase of 0.2 percent in February. Real PCE increased less than 0.1 percent, compared with an increase of 0.3 percent.”...MORE

“The price index for PCE increased 0.1 percent in March, in contrast to a decrease of 0.1 percent in February. The PCE price index, excluding food and energy, increased 0.1 percent, compared with an increase of 0.2 percent.”

“The March PCE price index increased 0.8 percent from March a year ago. The March PCE price index, excluding food and energy, increased 1.6 percent from March a year ago.”