MNI NOV CHICAGO BUSINESS BAROMETER 40.2 VS OCT 41.6

MNI China Daily Summary: Wednesday, November 27

MNI: GERMANY GFK DECEMBER CONSUMER CLIMATE -23.3

MNI BRIEF: Hungarian Banks Strong, But Risks Remain - NBH

RPT:- MNI NOV CHINA MONEY MARKET INDEX 53.5 VS OCT 38.4

MNI NOV CHINA MONEY MARKET INDEX 53.5 VS OCT 38.4

US EIA:NAT GAS STORAGE -2 BCF TO 3,967 BCF NOV 22 WK

EZ/UK Bond Supply Calendar: Italy Auction, Finland ORI Thurs

EZ/UK T-Bill Calendar: 1/3/6-Month UKTB Auction on Friday

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

MNI EXCLUSIVE: German Turmoil Dashes EU's Joint-Funding Hopes -Officials

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

MNI BRIEF: US October Core PCE YoY Rate Rises To 2.8%

USCentral Bank NewsPolicy NewsFederal ReserveBriefStoryNorth America

MNI (WASHINGTON) - The Federal Reserve's preferred measure of inflation, the PCE price index, was 0.238% in October and 0.273% excluding food and energy prices, in line with analyst expectations. From a year ago, inflation was 2.3% in October and core inflation was 2.8%, the Bureau of Economic Analysis said Friday. Personal income rose 0.6% in the month and spending grew 0.4%.

Fed officials have said recently they have expected bumpy inflation and warned of stalled progress in getting inflation back to 2%. Ex-Fed officials have viewed a December interest rate cut on a knife's edge, as the chance of further cuts of 2025 have diminished. (See: MNI INTERVIEW: Fed Closer To Slowing Rate Cut Pace - Kaplan) The personal saving rate was 4.4% in October. 

125 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.

MNI (WASHINGTON) - The Federal Reserve's preferred measure of inflation, the PCE price index, was 0.238% in October and 0.273% excluding food and energy prices, in line with analyst expectations. From a year ago, inflation was 2.3% in October and core inflation was 2.8%, the Bureau of Economic Analysis said Friday. Personal income rose 0.6% in the month and spending grew 0.4%.

Fed officials have said recently they have expected bumpy inflation and warned of stalled progress in getting inflation back to 2%. Ex-Fed officials have viewed a December interest rate cut on a knife's edge, as the chance of further cuts of 2025 have diminished. (See: MNI INTERVIEW: Fed Closer To Slowing Rate Cut Pace - Kaplan) The personal saving rate was 4.4% in October.