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2 Mar 2015
US Core PCE index remains at 1.3% year-on-year
FXStreet (Mumbai) - The official data released in the US today showed the Core Personal Consumption Expenditure index, which is tracked by the Federal Reserve, remained unchanged at 1.3% year-on-year in January. Month-on-month figure came-in line with the expected at 0.1%.
The personal consumption deflator printed in line with the estimates at 0.2% year-on-year, compared to the upwardly revised 0.8% in December. Meanwhile, personal income rose 0.3% in January, missing the estimated growth of 0.4%, while personal spending fell 0.2%, beating the estimated fall of 0.1%.
The 10-year Treasury yield in the US has ticked up slightly to 2.026%; up 2.4 basis points for the day. The 2-year yield has also ticked up 1.6 basis points to 0.642%.
The personal consumption deflator printed in line with the estimates at 0.2% year-on-year, compared to the upwardly revised 0.8% in December. Meanwhile, personal income rose 0.3% in January, missing the estimated growth of 0.4%, while personal spending fell 0.2%, beating the estimated fall of 0.1%.
The 10-year Treasury yield in the US has ticked up slightly to 2.026%; up 2.4 basis points for the day. The 2-year yield has also ticked up 1.6 basis points to 0.642%.