US March PCE inflation +3.5% y/y vs +3.5% expected

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Prior was 2.8%PCE m/m +0.7% vs +0.7% expectedPrior +0.4%Core PCE (excluding food & energy):Core y/y +3.2% vs +3.2% expectedPrior was +3.0%Core m/m +0.3% vs +0.3% expPrior +0.4%Consumer spending and income for February:Personal income +0.6% vs +0.3% expected. Prior month -0.1% (revised to 0.0%)Personal spending +0.9% vs +0.9% expected. Prior month +0.5% (revised to +0.6%)Real personal spending +0.2% vs +0.1% prior (revised to +0.3%) This article was written by Giuseppe Dellamotta at investinglive.com.