- Prior 0.5% prior
- Consumption 0.3% vs 0.2% exp. Prior 0.2%
- PCE core inflation 0.1% vs 0.1% exp m/m. Prior 0.1%
- PCE core inflation 1.1% vs 1.2% prior y/y
- PCE totoal inflation 0.0% vs 0.1% prior m/m
- PCE total inflation 0.7% vs 0.9% prior y/y
Disposable income falls from +0.5% to -0.2% while wages fall from 0.4% to 0.1%.
Consumption is boosted from durables which rose to 0.6% from -1.4% in September. The savings rate fell to 4.8% from 5.2%.
A mixed bag with the difference between income and consumption changing. Spending picks up but could take a knock further on as incomes fall.
