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Oct Core PCE affirms Fed has room to move "dovish" in Dec. Powell speaks Friday

We discuss: how yesterday's Oct Core PCE now shows inflation below 2% for 4 of the last 5 months and gives room for Fed to move "dovish" in Dec.  We will get hints Friday from Powell speaking at Spelman College.

Please click below to view our Macro Minute (Duration: 3:56).

October Core PCE came in at +0.16%, about in line with Street of +0.20%. Core PCE MoM has come in below +0.20% in 4 of the last 5 months (Sept was the aberration) and this is...

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