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.
And on the housing front, US Pending Home Sales fell 4.6% YoY in October, making it the 10th decline in 11 months.
Yes, it is truly the October Country, a dark feast of wonder and horror. Without the wonder.