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

US DATA
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.

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