US personal income rose 0.4% mom mama, or USD 90.4B in November, matched expectations. Personal spending rose 0.6% mom or USD 104.7B, also matched expectations.
Headline PCE price index accelerated to 5.7% yoy, up from 5.1% yoy, above expectation of 5.6% yoy. That’s the highest level since 1982. Core PCE price index accelerated to 4.7% yoy, up from 4.2% yoy, above expectation of 4.5% yoy. That’s the highest level since 1989.
