Advertisement
New Zealand markets closed

  • NZX 50

    11,805.09
    -141.34 (-1.18%)
     

  • NZD/USD

    0.5951
    +0.0001 (+0.02%)
     

  • NZD/EUR

    0.5543
    +0.0003 (+0.06%)
     

  • ALL ORDS

    7,837.40
    -100.10 (-1.26%)
     

  • ASX 200

    7,575.90
    -107.10 (-1.39%)
     

  • OIL

    84.05
    +0.48 (+0.57%)
     

  • GOLD

    2,359.80
    +17.30 (+0.74%)
     

  • NASDAQ

    17,430.50
    -96.30 (-0.55%)
     

  • FTSE

    8,112.61
    +33.75 (+0.42%)
     

  • Dow Jones

    38,085.80
    -375.12 (-0.98%)
     

  • DAX

    18,052.16
    +134.88 (+0.75%)
     

  • Hang Seng

    17,651.15
    +366.61 (+2.12%)
     

  • NIKKEI 225

    37,934.76
    +306.28 (+0.81%)
     

  • NZD/JPY

    93.3000
    +0.8040 (+0.87%)
     

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

Yahoo Finance Video

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.