Headline: Consumer spending rises 0.7%.Consensus: 0.5%, month-over-month increase
Personal income rise 0.4% (expectation was for a 0.4% month-over-month increase)
Core PCE price index unchanged (expectation was for a 0.1% month-over-month increase)
Analysis: People are spending more, incomes are remaining constant, and the savings rate is in decline. Prices are remaining unchanged, so inflation has yet to impact the market (outside of food and fuel of course).