Core PCE inflation came in above the Fed's target for the 4th straight month. But it moderated from Q1 and the elevation was entirely due to imputed portfolio fees resulting from the strong stock market. Annual rates: 1 month: 3.0% 3 months: 3.5% 6 months: 3.2% 12 months: 2.8% pic.twitter.com/FHtSAVejI6

Today’s Personal Income report shows that headline PCE inflation was 0.3% in April, as expected. Excluding volatile food and energy, core PCE inflation was 0.2%, also at expectations. 1/ pic.twitter.com/5AAsMdMUDG

The core PCE price index rose 0.25% in April (it rounded down to 0.2% because it was 0.249%) Jan-March figures were revised down ever so slightly. The 12-month change was 2.75%, a three-year low The 6-month annualized rate was 3.18%, the highest since July pic.twitter.com/boKVU2IxLA

Per the Bloomberg table below, this morning's US economic numbers, including what is widely seen as the Federal Reserve's preferred inflation metric, were in line with the consensus forecasts…with one exception — that of consumer spending which came in weaker than expected. pic.twitter.com/6iK4FuE2Rr