US personal income surges 0.6% mom in Oct, Core PCE inflation edges higher to 2.8% yoy

U.S. personal income grew by 0.6% mom in October, exceeding market expectations of a 0.3% mom rise, with a total increase of USD 147.4B. Personal spending also climbed, rising 0.4% mom or USD 72.3B, aligning with forecasts. The robust income growth outpacing spending suggests an improved capacity for household savings or future consumption, adding resilience […]

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