July core PCE price index +0.2% as after in.>

US DATA: July core PCE price index +0.2% as expected, after +0.1% in 

June. The y/y rate rose to +2.0% from +1.9% in June. May was revised up 

to +2.0% y/y.

- Total PCE price index +0.1%, while the y/y rate rose to +2.3% from 

+2.2%. July's y/y gain is the highest since March 2012.

- Pers income +0.3% as expected, and nominal PCE +0.4%, also as expected.

Real PCE +0.2% on a 0.2% rise in goods PCE and a 0.2% rise in services 

PCE. An MNI calculation shows July real PCE +2.1% SAAR vs Q2 average. 

The GDP report showed Q2 GDP was +3.8%

- Income was boosted by a 0.4% increase in wages and salaries, as well 

as gains in most other income categories.