Economic Update: April Core PCE Price Index and Personal Income

April Core PCE Price Index: In line with estimates.

•  +0.2% M/M vs. +0.2% consensus and +0.3% in March. +2.8% Y/Y vs. +2.8% consensus and +2.8% prior.
• PCE Price Index: +0.3% M/M vs. +0.3% expected and +0.3% prior. +2.7% Y/Y vs. +2.7% consensus and +2.7% in March.
• Personal outlays: +0.2% M/M vs. +0.3% consensus and +0.8% prior.
• Personal income: +0.3% M/M vs. +0.3% consensus and +0.5%.

Futures are up slightly by 0.3% and Treasury yields are lower at 4.53%