HALISTER1: U.S. ECO PREVIEW: Personal Income, Spending Due in 5 Minutes

U.S. ECO PREVIEW: Personal Income, Spending Due in 5 Minutes

(Bloomberg) -- Following are forecasts for today’s U.S. economic releases as compiled by Bloomberg News:
  • Per. Income 0.3% m/m; range 0% to 0.4% (73 estimates)
  • Per. Spending Nom. 0.2% m/m; range -0.2% to 0.4% (72 estimates)
  • Pers Spend Infl Adj 0.4% m/m; range 0.2% to 0.6% (18 estimates)
    • Real spending has been negative the past two months
  • PCE Deflator -0.2% m/m; range -0.3% to 0.1% (40 estimates)
    • Any income acceleration could signal future gains in spending. Factors that contributed to the CPI drop in March could push the PCE Price Index lower as well. -- Bloomberg Intelligence
  • PCE Deflator 1.9% y/y; range 1.8% to 2.1% (28 estimates)
  • Core PCE Prices -0.1% m/m; range -0.2% to 0.2% (52 estimates)
  • Core PCE Prices 1.6% y/y; range 1.5% to 1.8% (36 estimates)

Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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