美联储最喜欢的九月份通胀指标比预期更热

美联储最喜欢的九月份通胀指标比预期更热
Fed's Favorite Inflation Indicator Hotter Than Expected In September

原始链接: https://www.zerohedge.com/economics/feds-favorite-inflation-indicator-hotter-expected-september

美联储最喜欢的通胀指标 - 核心个人消费支出 - 9 月份的表现好于预期（+2.7% 对比 +2.6% 预期），与 8 月份 2.7% 的涨幅持平...资料来源：彭博社总体个人消费支出环比上涨 0.2%，拖累了同比增长 PCE 升至 +2.1%，为 2021 年 2 月以来的最低水平...资料来源：彭博社从环比来看，随着耐用品和服务成本的上升，PCE 似乎正在加速...资料来源：彭博社最后，所谓的超级核心 PCE （除庇护所外的服务）环比上涨 0.3%，同比增幅“粘性”在 3.2% 左右...资料来源：彭博个人收入环比上涨 0.3%（符合预期），但支出增幅更大（+0.5% vs 预期值 0.4%））...资料来源：彭博社但同比来看，债券支出和收入增长正在放缓...资料来源：彭博社这并不完全是那种赋予美联储降息权利的数据。

The Fed's favorite inflation indicator - Core PCE - printed hotter than expected in September (+2.7% vs +2.6% exp), flat with August's 2.7% rise...

Source: Bloomberg

The headline PCE rose 0.2% MoM, which dragged down YoY PCE to +2.1% - its lowest since Feb 2021...

Source: Bloomberg

On a MoM basis, PCE appears to be accelerating with Durable Goods and Services costs picking up...

Source: Bloomberg

And finally, the so-called SuperCore PCE (Services Ex-Shelter) rose 0.3% MoM leaving the YoY cange 'sticky' at around 3.2%...

Source: Bloomberg

Personal Incomes rose 0.3% MoM (as expected) but Spending rose by more (+0.5% vs 0.4% exp)...

Source: Bloomberg

But on a YoY basis, bond spending and income growth is slowing...

Source: Bloomberg

Not exactly the kind of data that enshrines The Fed with a god-given right to cut rates.

美联储最喜欢的九月份通胀指标比预期更热 Fed's Favorite Inflation Indicator Hotter Than Expected In September

美联储最喜欢的九月份通胀指标比预期更热
Fed's Favorite Inflation Indicator Hotter Than Expected In September