Previous was .7D PCE core MoM 0.3% vs 0.3% expected Previous MoM 0.2D Core Inflation PCE 5.0% vs 5.5% before deflator MoM 0.1% vs 0.1% before income and November 2. income Last month 0. D Personal spending – 0.2% vs -0.1% expected. Last month 0.1D Real personal expenditure -0.3% vs. 0.0% ago Covered by this report, the Fed may not like services inflation rising 0.7% m/m. This is offset by a 1.0 percent increase in commodity prices, including a -2.3 percent increase in durable goods prices. Powell expressed concern that core inflation remains high and therefore said they expect it to rise to 5.00-5.25% and stay there. $ is slightly weaker on the data, perhaps the market is focusing on weakening consumer readings as a forward looking indicator of economic weakness.