[ad_1]
Previewing the upcoming Personal Consumption Expenditures (PCE) Price Index data from the US, TD Securities analysts said that they expect the core PCE inflation to advance at a monthly pace of 0.2% in November as expected.
Real goods spending remains above its pre-Covid level
“The y/y rate likely fell to 4.6% from 5.0% in October, suggesting prices continue to moderate but remain sticky at elevated levels.”
“Separately, personal spending is expected to rise a firm 0.3% m/m (consensus: 0.2%) after the solid 0.7% m/m pace registered, on average, over Aug-Oct. The details of the report will be very important, particularly the breakdown between goods and services spending. Note that, despite slowing, real goods spending remains above its pre-Covid level.
[ad_2]
Source link
