US October PCE core inflation +5.0% vs +5.0% expected

• Prior was +5.1% (revised to 5.2%)
• PCE core MoM +0.2% vs +0.3% expected
• Prior MoM +0.5%
• Headline PCE +6.0% vs +6.2% expected (prior +6.2%)
• Deflator MoM +0.3% vs +0.5% expected (prior +0.3%)
• Full report

Consumer spending and income for October:

• Personal income +0.7% vs +0.4% expected. Prior month +0.4%
• Personal spending +0.8% vs +1.0% expected. Prior month +0.6%
• Real personal spending +0.5% vs +0.3% prior

Expectations adjusted lower after CPI and this report shows that wasn't a fluke. The 0.2% m/m rise is right on 'par' with 2-3% inflation Inflation Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Read this Term going forward and that's a positive development, though it's just one month and comes after +0.5% in September.

The report notes "widespread decreases in prices for durable goods" while noting that the prices for services increased 0.4% m/m led by food services, accommodations and housing. You can see the rollover in goods here while restaurants and hotels surve.