US October PCE core inflation is in,a nd it sure looks like core inflation is rolling over. But will it roll over enough to stave off Fed rate hikes in 2023?
Prior was +5.1% (revised to 5.2%)
PCE core MoM +0.2% vs +0.3% expected
Headline PCE +6.0% vs +6.2% expected (prior +6.2%)
https://www.forexlive.com/news/us-october-pce-core-inflation-50-vs-50-expected-20221201/