Advertisements
10Y dollar economy

Fed’s Favorite Econ Indicator Slips As Monday’s Data Comes Up Short

"Slippage"...

Here’s Monday’s key econ data (note the bolded bits):

  • U.S. March Personal Income Rose 0.2%; Est. Up 0.3%
  • Personal consumption was unchanged; est. up 0.2%
  • Personal consumption forecast range -0.2% to 0.4% from 72 economists
  • Personal income forecast range 0% to 0.4% from 73 economists
  • Real personal spending rose 0.3%; est. up 0.4%
  • Core inflation fell 0.1%; est. -0.1%; rose 1.6% Y/y
  • PCE prices fell 0.2%; est. -0.2%; rose 1.8% Y/y (first decline since February last year)
  • Compensation at 0.1% in March vs 0.4% the prior month
  • Savings rate at 5.9% in March vs 5.7% the prior month

The knee-jerk is predictable but, thanks to the risk-on bump we got last night from the deal on Capitol Hill, we had a cushion…

Econ

Advertisements

0 comments on “Fed’s Favorite Econ Indicator Slips As Monday’s Data Comes Up Short

Speak On It

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Skip to toolbar