In October, US consumer spending saw a solid increase, rising by 0.4%, while personal income surged by 0.6% month-over-month. These trends come as households entered the holiday season with extra cash, suggesting a robust consumer confidence. However, core PCE inflation also ticked up to 2.8% year-over-year, indicating that inflation remains elevated despite the positive economic indicators. Overall, these figures reflect a resilient consumer base, potentially signaling strong holiday shopping ahead.