October 2015. YoY Core 1.3% vs. 1.4% est.
The PCE core is thought to be a favorite at the Fed. The unchanged reading for the Core PCE and lighter than expected rise of 1.3% YoY (vs 1.4% est ) is not the best news, but the Fed is more focused on getting itself out of the corner it has painted itself in and will still look to tighten in Dec. As a result, they will be more happy about the 0.6% increase in wages and the 0.4% increase in personal incomes and will look for Core PCE to increase toward their target of 2.0% sometime down the road.
The USDJPY has pushed higher after the data today which also showed increases in Durable Goods and lower Initial jobless claims.
