The Fed’s favored inflation measure, Personal Consumption Expenditures.
Reported on the last Friday of the month at 8:30 am eastern time.
What is the PCE Index? According to the Bureau of Economic Analysis U.S. Department of Commerce: A measure of the prices that people living in the United States, or those buying on their behalf, pay for goods and services. The PCE price index is known for capturing inflation(or deflation) across a wide range of consumer expenses and reflecting changes in consumer behavior. To learn more about PCE click: More about PCE
PCE and PCE Excluding Food and Energy
April 2023 4.4% 4.7%
March 2023 4.2% 4.6%
February 2023 5.0% 4.6%
January 2023 5.3% 4.7%
December 2022 5.3% 4.6%
November 2022 5.7% 4.8%
October 2022 6.1% 5.1%
September 2022 6.3% 5.2%
5/26/2023
8:42 AM ET: Headline PCE inflation for April increased by 0.4%, which was above estimates of 0.2%, and increased by 0.2% to 4.4% year over year, which was higher than expectations of 4.1%. Core PCE increased by 0.4% month over month, which was above the 0.3% estimate, and increased 0.1% to 4.7% year over, coming in higher than expectations of 4.6%.
8:50 AM ET: Reaction 30 year 5.5% Mortgage Backed Security is down 23 bp to 98.88 (when the price goes down yields go up). The 10 year is up 2 basis points to a yield of 3.831%. This is the highest this yield has been since 3/10/2023.
4/28/2023
8:47 AM : Headline PCE inflation for March increased by 0.1%, which was lower than expectations of 0.3%, and decreased by 0.9% to 4.2% year over year, coming in below the 4.5% estimate. Core PCE increased by 0.3% month over month, in line with expectations, and decreased by 0.1% to 4.6% year over year, which was just above estimates of 4.5%.
3/31/2023
8:41 AM : Headline PCE inflation for February increased by 0.3%, which was lower than expectations of 0.5%, and decreased by 0.3% to 5% year over year, coming in below the 5.1% estimate. Core PCE increased by 0.3% month over month, which was lower than expectations of 0.4%, and decreased by 0.1% to 4.6% year over, in line with estimates.
9:03 AM 10 year Treasury 3.534% down 2 basis points from yesterday’s close. Today's report was not a market mover one way or the other.
For more information:
John Marbury - 205-266-5669 john.marbury@colonybank.cm NMLS# 740833
For updates, mortgage calculators and online application go to: https://www.johnmarbury.com/
NMLS # 408873
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