New Zealand markets close in 5 hours 4 minutes
  • NZX 50

    12,094.72
    +3.79 (+0.03%)
     
  • NZD/USD

    0.6502
    +0.0069 (+1.08%)
     
  • ALL ORDS

    7,709.70
    +23.60 (+0.31%)
     
  • OIL

    76.70
    +0.29 (+0.38%)
     
  • GOLD

    1,966.80
    +21.50 (+1.11%)
     

October core PCE prices rise 5% year-over-year

Yahoo Finance Live's Seana Smith examines the latest PCE data published for the month of October.

Video transcript

SEANA SMITH: Prices measured by the PCE index. That is the Fed's preferred inflation reading, showing that signs of slowing last month. Prices rose by 6% on an annual basis through October. That's down from its previous jump of 6.3% in September. Core PCE, which strips out food and energy, that rose 2/10 of a percent on a monthly basis in October, slightly below Wall Street expectations. This is the latest sign that inflation pressures could potentially be moderating.