October core PCE inflation is expected to hold at 0.3% month-over-month, consistent with September’s reading and the recent October core CPI print of 0.3%. Analysts estimate a narrow 0.27%–0.33% range centered on 0.30%, reflecting steady housing services inflation near 0.28% and core goods prices around 0.25%, with limited movement in super-core components. This outcome aligns with the prior three months’ 0.3% prints and the absence of major new shocks in energy or goods prices ahead of the November 25 release. Market-implied odds above 75% for 0.3% reflect trader consensus on this continuity, while the modest probabilities assigned to 0.2% or 0.4% capture residual uncertainty around pending PPI details and seasonal adjustments.
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