October Country: Core Inflation Cools To 1.78% YoY As Pending Home Sales Decline 4.6% YoY (10 Of Last 11 Months)

It is definitely October Country!

First, Core Personal Consumption Expenditures (PCE) Prices declined to 1.78% YoY pulling away the Fed’s desired 2% core inflation rate.

corepcefed

And on the housing front, US Pending Home Sales fell 4.6% YoY in October, making it the 10th decline in 11 months.

phsyoyoct

Yes, it is truly the October Country, a dark feast of wonder and horror. Without the wonder.

bradbury october country UK2.jpg

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.