Positive Economic Data

U.S. Consumer Spending

• +0.8% in July
• +0.4% in June

Core Price Index for Personal Consumption Expenditures
Core PCE excludes food and energy and is a favorite inflation measure of the Federal Reserve.

• +0.1% in July
• +2.4% August 2005-July2006
• Fed generally considers +2.0% upper limit of acceptable core inflation

Bloomberg.com