BREAKING: US100 gains after mixed US PCE data

US PCE data (for April) 

• Headline (annual). 2.7% Expected: 2.7% YoY. Previous: 2.7% YoY
• Headline (monthly). 0.25% Expected: 0.25% MoM. Previous: 0.3% MoM
• Core (annual). 2.8% Expected: 2.76% YoY. Previous: 2.8% YoY
• Core (monthly). 0.249% Expected: 0.25% MoM. Previous: 0.3% MoM
• US personal income. 0.3% Expected: 0.3% MoM. Previous: 0.5% MoM
• US consumer spending. 0.2% Expected: 0.3% MoM. Previous: 0.8% MoM
• US PCE real personal consumption. -0.1% Expected: 0.1% MoM. Previous: 0.5% previously MoM

US short-term interest-rate futures rise after US PCE data released. Traders are adding bets on Fed rate cuts. Data showed slowed spending and weakening real consumption may be a signal of slightly weakening consumers.

US100

Source: xStation5

Source: BLS, Macrobond