U.S. Income Report

By @ibtimes on

The United States released the income report for October, where personal income increased by 0.4%, better than median estimates of 0.3% and the prior estimate of 0.1%, while personal spending eased to 0.1% in October from the prior revised estimate of 0.7% and worse than median estimates of 0.3%.

The PCE deflator increased by 2.7%, compared with the prior rise of 2.9% and in line with estimates, while Core PCE, the Fed's favorite gauge for inflation, rose by 0.1% in line with estimates and following the prior flat estimate, while compared with a year earlier, Core PCE increased by 1.7% in line with median estimates and up from the prior estimate of 1.6%.

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