- Year-over-Year: +2.8% (in line with expectations, up from +2.7% in September).
- Month-over-Month: +0.3% (in line with expectations).
- Unrounded Core M/M: +0.274%.
Headline PCE Inflation:
- Year-over-Year: +2.3% (in line with expectations, up from +2.1% prior).
- Month-over-Month: +0.2% (in line with expectations).
- Unrounded Headline M/M: +0.238%.
Consumer Spending and Income (October):
- Personal Income: +0.6% (higher than +0.4% expected, prior +0.2%).
- Personal Spending: +0.4% (higher than +0.3% expected, prior +0.6%).
- Real Personal Spending: +0.1% (lower than +0.5% prior).
- Savings Rate: 4.4%
This data highlights steady inflationary pressures alongside robust consumer income growth, although real spending gains were subdued. The strong income figure might reinforce resilience in household finances, but a slight deceleration in real spending indicates some caution in consumption. The 4.4% savings rate suggests consumers are maintaining a moderate buffer amid economic uncertainties.
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