US September PCE core inflation +0.5% m/m vs +0.5% expected

• PCE core m/m +0.5% vs +0.5% expected
• Prior m/m +0.6%
• Core PCE y/y +5.1% y/y vs +5.2% expected
• Prior was 4.9% y/y
• Headline PCE 6.2% y/y vs +6.2% prior
• Deflator m/m +0.3% vs +0.3% prior
• Full report

Consumer spending and income for August:

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

The market is encouraged by this data as equity futures Futures Futures or a futures contract represents a legal agreement to buy or sell a security or asset at a predetermined price at a specified time in the future. Of note, the parties are not known to each other.These transactions usually involve commodities or other securities involving the buying and selling for a forward or predetermined price.Futures also adhere to a delivery date, which specifies the date of delivery and payment. Relative to other forms of investing futures are much more complex, as Futures or a futures contract represents a legal agreement to buy or sell a security or asset at a predetermined price at a specified time in the future. Of note, the parties are not known to each other.These transactions usually involve commodities or other securities involving the buying and selling for a forward or predetermined price.Futures also adhere to a delivery date, which specifies the date of delivery and payment. Relative to other forms of investing futures are much more complex, as Read this Term pare losses and yields come down from the highs. It's generally in line with estimates but there have been so many hot readings that the market was likely leaned against a surprise.