Fed's Favorite Inflation Gauge Heats Up As Predicted, Personal Incomes Soar
Fed's Favorite Inflation Gauge Heats Up As Predicted, Personal Incomes Soar
On a monthly basis, the PCE index increased by 0.2%, in line with both the prior reading and forecasts of 0.2%.An inflation gauge that's closely watched by the Federal Reserve rose as anticipated in October, while personal income and spending data continues to reveal a resilient U.S. consumer.
一個受到聯儲局密切關注的通脹指標在10月如預期上升，而個人收入和消費數據繼續顯示出美國消費者的韌性。
Earlier on Wednesday, the second estimate of the third-quarter economic growth was 2.8%, in line with the data initially reported.
週三早些時候，第三季度經濟增長的第二次估算爲2.8%，與最初報告的數據一致。
Inflation Rises Again In October
10月通脹再次上升
The Personal Consumption Expenditures (PCE) price index rose 2.3% in October on a year-over-year basis, accelerating from September's 2.1% reading but matching economist expectations of 2.3%, based on TradingEconomics projections.
個人消費支出(PCE)價格指數在10月同比上升2.3%，比9月的2.1%有所加速，但與經濟學家預期的2.3%相符，這基於TradingEconomics的預測。
On a monthly basis, the PCE index increased by 0.2%, in line with both the prior reading and forecasts of 0.2%.
按月計算，PCE指數上升0.2%，與之前的讀數和0.2%的預期一致。
When excluding volatile food and energy costs, the core PCE price index — widely regarded as the Fed's most reliable inflation measure — climbed to 2.8% year-over-year in October, up from September's 2.7% and in line with economist forecasts.
在排除波動性食品和能源成本後，核心PCE價格指數—被廣泛認爲是聯儲局最可靠的通脹指標—在10月同比攀升至2.8%，高於9月的2.7%，且符合經濟學家預期。
On a monthly basis, core PCE inflation remained steady at 0.3%, mirroring September's pace.
按月計算，核心PCE通脹保持在0.3%，與9月的增速相符。
Personal income soared by 0.6% in October, higher than the 0.3% figure recorded in the prior month and exceeding market expectations.
10月個人收入猛增0.6%，高於上個月記錄的0.3%數字，並超過市場預期。
Personal spending, while showing signs of slowing from 0.5% in September to 0.4% in October, also came in above expectations of 0.3%.
個人消費支出雖然顯示出從9月份的0.5%放緩至10月份的0.4%，但仍高於預期的0.3%。
Inflation Data Keeps December Rate Odds Steady
通脹數據使得12月份的利率預期保持穩定
The economic data released on Wednesday underscores the resilience of the U.S. economy while signaling that inflationary pressures may require careful monitoring in the months ahead.
週三發佈的經濟數據突顯了美國經濟的韌性，同時表明通脹壓力可能需要在未來幾個月內謹慎監測。
Market expectations for a Federal Reserve interest rate cut in December remained steady Wednesday.
週三市場對聯儲局在12月份減息的預期保持穩定。
Prior to the release of the GDP and PCE reports, traders assigned a 66% probability to a 25-basis-point rate cut at the Federal Open Market Committee meeting Dec. 18. The latest data did not alter those odds, according to the CME FedWatch tool.
在GDP和PCE報告發布之前，交易員將聯儲局在12月18日的聯邦公開市場委員會會議上減息25個點子的概率定爲66%。根據cme FedWatch工具，最新數據並未改變這些概率。
The U.S. dollar index (DXY) — as tracked by the Invesco DB USD Index Bullish Fund ETF (NYSE:UUP) — was 0.6% lower on Wednesday.
跟蹤景順Db美元指數看好基金etf（紐交所：UUP）的美國美元指數（DXY）週三下跌了0.6%。
Stocks traded mostly flat on Wednesday morning, with the SPDR S&P 500 ETF Trust (NYSE:SPY) edging down 0.1% as of 10:05 a.m. EST in New York. The subdued activity reflects a light trading session ahead of the Thanksgiving holiday.
週三上午股票交易總體持平，SPDR標準普爾500信託etf（紐交所：SPY）在紐約時間上午10:05略微下跌0.1%。由於感恩節假期即將來臨，交易活動相對清淡。
- Fed Minutes Reveal 'Confidence' In Inflation Reduction, Yet Flag Divergent Views On Interest Rate Path Ahead
- 聯儲局會議紀要揭示對通脹減少的"信心"，但對未來利率路徑的看法存在分歧。
Photo via Shutterstock.
圖片來自Shutterstock。
譯文內容由第三人軟體翻譯。
