US personal income rose 0.5% mom to USD 93.4B in October, above expectation of 0.3% mom. Personal spending rose 1.3% mom to USD 214.3B, above expectation of 1.0% mom.
Headline PCE accelerated 5.0% yoy, up from 4.4% yoy, above expectation of 4.6% yoy. That’s the highest level since December 1990. Core PCE rose to 4.1% yoy, up from 3.7% yoy, matched expectations, also the highest since December 1990.
