US Personal Income MoM (Oct) M/M 0.1% (Prev. 0.4%, Low. 0.3%, High. 0.6%)
Newsquawk Staff ·
US Personal Income MoM (Oct) M/M 0.1% (Prev. 0.4%, Low. 0.3%, High. 0.6%)
What it means
The US Personal Income MoM growth of 0.1% for October is a significant slowdown from the previous 0.4%, missing the lower end of expectations. This deceleration may raise concerns about consumer spending, potentially indicating weaker economic momentum, and could influence monetary policy outlook, particularly regarding interest rates.
- New Zealand Employment Change (Q3 QQ) -0.1% vs. Exp. 0.4% (Prev. 0.5%)
- New Zealand Unemployment Rate (Q3) 5.7% vs. Exp. 5.5% (Prev. 5.6%)
- Swiss CPI (Oct YY) 1.5% vs. Exp. 1.3% (Prev. 1.0%); Core (Oct YY) 0.5% vs Exp. 0.5% (Prev. 0.5%)
- Swiss CPI (Oct MM) 0.2% vs. Exp. 0% (Prev. 0.0%)
- ECB's Radev says the economic environment is getting more challenging; October pause does not mean the tightening cycle is over
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