Core PCE yy
Core PCE yy
  • Prior was +2.7%
  • Core m/m +0.3% vs +0.3% exp
  • Unrounded core PCE was +0.274% m/m
  • Core PCE +2.8% y/y vs +2.8% expected
  • Headline inflation PCE +2.3% y/y vs +2.3% expected (Prior +2.1%)
  • Deflator +0.2% m/m vs +0.2% expected
  • Unrounded +0.238% m/m

Consumer spending and income for October:

  • Personal income +0.6% vs +0.4% expected. Prior month +0.2%
  • Personal spending +0.4% vs +0.3% expected. Prior month +0.6%
  • Real personal spending +0.1% vs +0.5% prior
  • Savings rate 4.4%

This report is very much in line with expectations, I don't see much scope for market moves on the headlines. Fed pricing for a Dec cut remains at 65%.