September 2017 US personal income, spending and PCE data 30 October 2017
- Prior 1.4%
- Core PCE 1.3% vs 1.3% exp y/y. Prior 1.3%
- Personal income 0.4% vs 0.4% exp m/m. Prior 0.2%
- Spending adjusted 1.0% vs 0.8% exp m/m. Prior 0.1%
- Spending unadjusted 0.6% vs 0.5% ex m/m. Prior -0.1%
Pretty much bang in line, although the higher spending numbers will be welcomed. The main take from this is that inflation didn’t drop back. There’s been no move in the dollar. USDJPY trades 113.60. The only thing to note is that the Commerce dept said that the income/spending data reflect the effects of hurricanes, Harvey and Irma but they cannot separately quantfiy the total impact of the storms on Sep data, so ahve made adjustments to estimates where the source data was unavailable.