The latest data out from the U.S. Bureau of Economic Analysis on personal consumption expenditures was released this morning. Disposable personal income(DPI), personal income less personal current taxes, increased $46.6 billion (0.2 percent) andpersonal consumption expenditures(PCE) increased $83.6 billion (0.4 percent). ThePCE price indexincreased 0.4 percent. Excluding food and energy, the PCE price index increased 0.1 percent. The annual rate which is the Fed’s preferred inflation gauge easing to 3.9% YoY which will be a welcome relief following the recent headline inflation (CPI) data out of the US.
