Prior was +2.7%Core m/m +0.3% vs +0.3% expUnrounded core PCE was +0.274% m/mCore PCE +2.8% y/y vs +2.8% expectedHeadline 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% priorSavings 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%.
This article was written by Adam Button at www.forexlive.com.
