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

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.”