US personal income for September 0.4% versus 0.3%. PCE for September 0.3% versus 0.3% exp

• Personal income 0.4% versus 0.3%
• personal consumption 0.3% versus 0.3% as expected
• PCE for September 0.3% versus 0.3% expected. YoY 2.8% versus 2.8% expected
• Core PCE for September 0.2% versus 0.2% expected. YoY 2.8% versus 2.9% expected
• PCE Ex food energy, and housing 0.2% MoM versus 0.2% last month
• PCE Ex energy and housing 0.2% versus 0.3% last month

For the month there was $65.1 billion increase in current dollar PCE reflecting an increase of $63.0 billion on services and $2.1 billion on goods.

Looking at the PCE, the core PCE is at the same level that it was a year ago at 2.8%. The high of the core reached 3.0%. The headline moved up from 2.3% to the current 2.8%. The 2.8% is the highest going back a year.

This article was written by Greg Michalowski at investinglive.com.