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.
受到美联储密切关注的通货膨胀指标在10月份如预期的那样上升，而个人收入和支出数据继续显示美国消费者具有弹性。
Earlier on Wednesday, the second estimate of the third-quarter economic growth was 2.8%, in line with the data initially reported.
周三早些时候，对第三季度经济增长的第二份估计为2.8％，与最初公布的数据一致。
Inflation Rises Again In October
十月份通货膨胀率再次上升
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.
根据TradingEconomics的预测，10月份个人消费支出（PCE）价格指数同比上涨2.3％，高于9月份的2.1％，但与经济学家预期的2.3％相当。
On a monthly basis, the PCE index increased by 0.2%, in line with both the prior reading and forecasts of 0.2%.
个人消费支出指数按月增长0.2％，与先前的读数和预测的0.2％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.
不包括波动的食品和能源成本，核心个人消费支出价格指数——被广泛认为是美联储最可靠的通胀指标——在10月份同比攀升至2.8％，高于9月份的2.7％，符合经济学家的预测。
On a monthly basis, core PCE inflation remained steady at 0.3%, mirroring September's pace.
按月计算，核心个人消费支出通胀率稳定在0.3％，反映了9月份的增长速度。
Personal income soared by 0.6% in October, higher than the 0.3% figure recorded in the prior month and exceeding market expectations.
10月份个人收入飙升了0.6％，高于上个月的0.3％，超出了市场预期。
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%.
个人支出虽然显示出从9月份的0.5％放缓至10月份的0.4％的迹象，但也高于预期的0.3％。
Inflation Data Keeps December Rate Odds Steady
通货膨胀数据保持12月利率稳定
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.
周三公布的经济数据凸显了美国经济的弹性，同时表明未来几个月可能需要仔细监测通货膨胀压力。
Market expectations for a Federal Reserve interest rate cut in December remained steady Wednesday.
周三，市场对美联储12月降息的预期保持稳定。
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报告发布之前，交易员在12月18日的联邦公开市场委员会会议上认为降息25个基点的可能性为66％。根据芝加哥商品交易所FedWatch工具，最新数据并未改变这些赔率。
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.
景顺Db美元指数看涨基金ETF（纽约证券交易所代码：UUP）追踪的美元指数（DXY）周三下跌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.
周三上午股市基本持平，截至纽约东部时间上午10点05分，SPDR标准普尔500指数ETF信托基金（纽约证券交易所代码：SPY）小幅下跌0.1％。低迷的活动反映了感恩节假期前的清淡交易时段。
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照片来自 Shutterstock。
