Core PCE yy

  • Year-over-Year: +2.8% (in line with expectations, up from +2.7% in September).
  • Month-over-Month: +0.3% (in line with expectations).
    • Unrounded Core M/M: +0.274%.

Headline PCE Inflation:

  • Year-over-Year: +2.3% (in line with expectations, up from +2.1% prior).
  • Month-over-Month: +0.2% (in line with expectations).
    • Unrounded Headline M/M: +0.238%.

Consumer Spending and Income (October):

  • Personal Income: +0.6% (higher than +0.4% expected, prior +0.2%).
  • Personal Spending: +0.4% (higher than +0.3% expected, prior +0.6%).
  • Real Personal Spending: +0.1% (lower than +0.5% prior).
  • Savings Rate: 4.4%

This data highlights steady inflationary pressures alongside robust consumer income growth, although real spending gains were subdued. The strong income figure might reinforce resilience in household finances, but a slight deceleration in real spending indicates some caution in consumption. The 4.4% savings rate suggests consumers are maintaining a moderate buffer amid economic uncertainties.

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