- Prior month 2.9%
- PCE core MoM x.x% vs 0.4% expected
- Prior MoM core 0.2%
- Headline PCE x.x% vs 2.4% expected (prior 2.6%)
- Full report click here
Consumer spending and consumer income for January:
- Personal income 1.0% versus 0.4%. Prior month 0.3%.
- Personal spending x.x% versus 0.2% expected. Prior month 0.7%
- Real personal spending x.x% vs 0.5% last month.
1 minute prior to the report:
- Markets were pricing 78 bps of cuts in 2024.
- 2- year yield was at 4.689%.
- 10 year yield was at 4.311 billion %
- S&P index or implying a decline of -16.01 points
- NASDAQ index was implying a decline of -46.75 points
This article was written by Greg Michalowski at www.forexlive.com.
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