Real Income, Real PCE Rise 0.2 Percent in July: PCE Inflation 0.1 Percent

by Mish

The PCE price index increased 0.1 percent. Excluding food and energy, the PCE price index increased 0.1 percent.

This report is consistent with GDP near two percent which is where its been averaging for some time. Bond yields moved slightly lower.

The Fed will not appreciate the PCE price index trending lower nearly every month since March.

Mike “Mish” Shedlock