The U.S. October PCE is expected to show inflation stickiness, which may strengthen the Federal Reserve's strategy to slow down easing
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The U.S. October PCE price index will be released on November 27, with an expected year-on-year increase of 2.3% and a core PCE increase of 2.8%. This will indicate persistent price pressures, reinforcing the Federal Reserve's cautious stance on future interest rate cuts. The market expects personal spending to grow by 0.4% month-on-month and personal income to grow by 0.3%. Federal Reserve officials have stated that a rate cut in December is not certain, and economic risks are diminishing. Investors are focused on the minutes of the November monetary policy meeting to gauge the willingness for rate cuts
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