US Personal Income rose less than 0.1% October while spending rose 0.3%. Headline PCE inflation was unchanged at 1.3% yoy, above expectation of 1.2% yoy. However, core PCE slowed to 1.6% yoy, below expectation of 1.7% yoy.
US Personal Income rose less than 0.1% October while spending rose 0.3%. Headline PCE inflation was unchanged at 1.3% yoy, above expectation of 1.2% yoy. However, core PCE slowed to 1.6% yoy, below expectation of 1.7% yoy.
