#US Core PCE Rises To 3.1%

About US Core PCE Rises To 3.1%

US September core PCE inflation rose to 3.1% YoY from 3.0%, while headline PCE increased to 3.6% from 3.4%. Both matched expectations. The Fed voted 10-2 in October to hold rates at 3.75%-4.00%, with Cook and Hammack favoring a 25 bps hike. Fed funds futures continued pricing in an over 80% probability of a 25 bps increase in December.