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US PCE price index surged to 2.3% yoy in Mar, core CPI jumped to 1.8% yoy

ActionForex
By ActionForex

US personal income rose 21.1% mom, or USD 4.21T, in March, above expectation of 20.0% mom. Spending rose USD 4.2% mom, or USD 616B, above expectation of 3.8% mom.

Headline PCE inflation accelerated sharply to 2.3% yoy, up from 1.5% yoy, well above expectation of 1.6% yoy. Core PCE inflation also jumped to 1.8% yoy, up from 1.4% yoy, above expectation of 1.8% yoy.

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