Personal income for May increased 0.7% (consensus 0.3%) after an unchanged reading in April.
Personal spending rose 0.7% month-over-month (consensus 0.3%) following a downwardly revised 0.4% increase (from 0.5%) in April.
The PCE Price Index increased 0.4% month-over-month (consensus 0.4%), from a prior increase of 0.4%.
The core PCE Price Index rose 0.3% (consensus 0.3%), from an upwardly revised prior increase of 0.3% (from 0.2%).
USD down after inflation looks to have levelled off once you factor in the big reversal in oil prices that has continued today, with WTI down another 52 cents to $69.82.
The third estimate of Q1 GDP showed an upward revision to an annual rate of 2.1% (consensus 1.6%) from 1.6% in the second estimate.
The GDP Chain Deflator was revised up to 3.6% (consensus 3.5%) from 3.5% in the second estimate.
Durable goods orders decreased 4.5% month-over-month in May (consensus -3.2%) after increasing a revised 8.5% (from 7.9%) in April.
Excluding transportation, orders were up 1.3 % month-over-month (Briefing.com consensus 0.5%) following an upwardly revised 1.4% increase (from 1.1%) in April.
Initial jobless claims for the week ending June 20 decreased by 12,000 to 215,000 (consensus: 225,000) from a revised prior reading of 227,000 (from 226,000).
Continuing jobless claims for the week ending June 13 increased by 21,000 to 1.821 million, from the revised previous level of 1.800 million (from 1.810 million).