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Core PCE Inflation Revised Fractionally Higher In Q3

US DATA
  • Core PCE price inflation was revised up from 4.60% to 4.66% annualized in the third Q3 release, implying very small upward revisions to prior monthly readings in tomorrow’s release for November.
  • Consensus currently sees core PCE maintaining 0.2% M/M pace after the 0.22% M/M in Oct, down from the 0.36% averaged through Q3, the latter biased lower by almost zero inflation in July before rebounding to 0.5% pace in Aug and Sep.


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