- Core price index of personal consumption spending in October rises 0.2%.
- Personal income jumps 0.7% while personal spending 0.8%.
- The dollar extends the market slide after the data.
The personal income and expense report showed mixed figures. Among the most followed indicators are those of inflation. The Core Personal Consumption Expenditure Price Index it increased 0.2%, below 0.3% and less than the rise of 0.5% in September. The annual rate went from 5.2% to 5%, in line with expectations. The main index it rose 0.3& and the annual rate went from 6.3% to 6%.
The personal income rose 0.7% in October, above the 0.4% expected. Meanwhile he personal expense it rose 0.8%, matching the market consensus.
The ISM Manufacturing report and construction spending will be released later on Thursday. Friday will be the turn of the official employment report for November.
The dollar It had been weakened before the data after Powell’s words and extended the fall after this economic report, which was released along with the requests for unemployment benefits.
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
