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Waller Street Journal reporter Nick Timiraos: October core PCE is expected to rise 0.29% month-over-month, with the annualized rate climbing to 3.5%.
Wall Street Journal reporter Nick Timiraos noted that following the release of the CPI and PPI data, October core PCE prices are projected to rise 0.29% month-on-month, which would push the 3-month annualized inflation rate to a six-month high of 3.5%, while the 12-month increase is expected to climb to 3.2%, reaching its highest level since January 2024.
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