Inflation Pressures Persist as Fed Weighs Next Move
TL;DR Summary
The core PCE price index, a key inflation measure for the Federal Reserve, rose 0.3% in October, aligning with forecasts and raising the 12-month core inflation rate to 2.8%. This increase complicates the likelihood of a December rate cut, with market odds for a cut rising to 66.5%. Personal income and spending also saw increases, with income rising 0.6% and spending 0.4%. The S&P 500 dipped slightly following the report, reflecting investor uncertainty about the Fed's next move.
- PCE Inflation Rate Ticks Higher, Keeping Fed On The Fence; S&P 500 Slips Investor's Business Daily
- Fed’s preferred inflation gauge rises to 2.3% annually, meeting expectations CNBC
- Treasury Yields Have Dipped. It’s Not Too Late to Buy Bonds Barron's
- US economy holds firm in early Q4; inflation stuck above Fed's target Reuters
- US consumer price increases accelerated last month with inflation pressures resilient The Associated Press
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