Free Trial

Watching PCE Momentum After Q2 Revisions

US DATA
  • Released 0830ET, consensus sees core PCE inflation bouncing from 0.1% to 0.5% M/M in Aug but also watch revisions for latest momentum after yesterday’s national accounts data saw Q1 up from 5.2% to 5.6% and Q2 from 4.4% to 4.7% (Q/Q annualized).
  • On the spending/income side, there was also a notable downward revision in the savings ratio, -1.7pts to 3.4% in Q2, leaving it in line with the 2005-07 average and close to series lows, boosting consumption with it.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.