US personal income dropped -2.7% or USD 543.4B in August, better than expectation of -2.3%. Personal spending 1.0% or USD 86.1B, above expectation of 0.7% mom. Headline PCE price index accelerated to 1.4% yoy, up form 1.1% yoy. Core PCE price index rose to 1.6% yoy, up from 1.4% yoy.
