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Core personal consumption expenditures (PCE) prices are expected to have risen 0.29% in October, which would raise the three-month annualized inflation rate to 3.5%, the highest level in six months.
According to Nick Timiraos, chief economics correspondent at Wall Street Journal, the 12-month change would climb to 3.2%, the highest since January 2024.
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Nick Timiraos previously reported that the 10-year U.S. Treasury yield fell by 0.193 percentage point to 4.952% in a single day, marking the largest drop since March 2023. Separately, Bessent said the administration plans to address Fannie and Freddie in 2027–28, cautioning that any deal cannot widen mortgage spreads, according to recent statements. These developments come as investors track new signs of inflation pressure.