by Bill McBride on 8/03/2015 08:36:00 AM
Monday, August 03, 2015
From the BEA, the Personal Income and Outlays report for June:
Personal income increased $68.1 billion, or 0.4 percent ... in June, according to the Bureau of Economic Analysis.On inflation: the PCE price index was up 0.3% year-over-year (the decline in oil prices pushed down the headline price index). However core PCE is only up 1.3% year-over-year - still way below the Fed's target.
Real PCE -- PCE adjusted to remove price changes -- decreased less than 0.1 percent in June, in contrast to an increase of 0.4 percent in May. ... The price index for PCE increased 0.2 percent in June, compared with an increase of 0.3 percent in May. The PCE price index, excluding food and energy, increased 0.1 percent in June, the same increase as in May.
The June price index for PCE increased 0.3 percent from June a year ago. The June PCE price index, excluding food and energy, increased 1.3 percent from June a year ago.
Posted by Bill McBride on 8/03/2015 08:36:00 AM