Looking for US core PCE prices to advance at 0.2% m/m pace in November – TDS

Eren Sengezer FXStreet

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.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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