The following are the results of the US PCE data released at 20:30:
【US April consumption growth slows, inflation drops to a four-year low】On May 30, data showed that after experiencing the strongest month of consumption since the beginning of 2023, US consumers began to slow down spending in April, while inflation remained moderate, in line with the economic slowdown. Data released on Friday indicated that the US April real personal consumption expenditure month-on-month growth was 0.1%, following a growth of 0.7% in the previous month. The US April core PCE price index month-on-month increased by 0.1% compared to the previous month. Compared to the same period last year, the US April core PCE price index year-on-year recorded 2.5%, the smallest annual increase in over four years.
Canada's March GDP month-on-month 0.1%, expected 0.1%, previous value -0.20%.
US April wholesale inventory month-on-month 0%, expected 0.4%, previous value revised from 0.40% to 0.3%.
US April personal income month-on-month 0.8%, expected 0.30%, previous value revised from 0.50% to 0.7%.
US April core PCE price index year-on-year 2.5%, expected 2.5%, previous value revised from 2.60% to 2.7%.
US April PCE price index year-on-year 2.1%, expected 2.20%, previous value 2.30%.
US April personal spending month-on-month 0.2%, expected 0.20%, previous value 0.70%.
US April real personal consumption expenditure month-on-month 0.1%, expected 0%, previous value 0.70%.
US April PCE price index month-on-month 0.1%, expected 0.10%, previous value 0.00%.
US April core PCE price index month-on-month 0.1%, expected 0.10%, previous value revised from 0.00% to 0.1%.
【US April core PCE year-on-year hits a new four-year low】On May 30, it was reported that the US April core PCE price index year-on-year was recorded at 2.5%, the lowest since March 2021, with market expectations at 2.5%.
Canada's March GDP year-on-year 1.7%, expected 1.6%, previous value 1.60%.
US goods imports fell by 19.8% month-on-month, the largest recorded decline.
Canada's 10-year government bond yield rose by 2 basis points to 3.227% after the GDP data was released.
US 2-year government bond yield slightly rose to 3.935% after the PCE data was released.