Compared to the same period last year:
Headline PCE: up +2.7% YoY (> estimate 2.6%).
Core PCE: up +2.8% YoY (> estimate 2.6%).
MARKET DAILY
Market 04/26: March PCE confirms prolonged inflation trend
Spending growth far exceeds income growth. Consumer sentiment - April UMich survey lower than expected with rising inflation expectations.
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