April core PCE price index +0.2% (unrounded.>

US DATA: April core PCE price index +0.2% (unrounded +0.157%) vs +0.1%

expected, after +0.2% in March (+0.155%), so both on the low end of 

+0.2%. The y/y rate stayed at +1.8% (+1.803% unrounded) after a 

downward revision to March (previously reported at +1.9%). 

- Total PCE price index +0.2% (unrounded +0.222%), while the y/y rate 

stayed at +2.0%.  

- Pers income +0.3%, expected, but nominal PCE +0.6% vs +0.4% expected, 

and real PCE +0.4% on solid gains in both goods and services spending, 

suggesting a solid start to 2Q PCE after a tepid +1.0% in 1Q. Through one 

month, 2Q real dollar PCE stands at +2.7% SAAR, while core prices are 

+1.3% SAAR.

- April savings rate fell to 2.8% from 3.0% in March, well below the 

rates seen in early 2017. 

- Income was lifted by a 0.4% gain in wages and salaries, as well as 

modest gains in the other income categories.