Inflation in the US, as measured by the Personal Consumption Expenditures (PCE) Price Index, stayed unchanged at 0.3% on a monthly basis in September, the US Bureau of Economic Analysis reported on Friday. On a yearly basis, the PCE Price Index edged higher to 4.4% from 4.2% but came in lower than the market expectation of 4.7%.

More importantly, the Core PCE Price Index, the Fed's preferred gauge of inflation, remained steady at 3.6% on a yearly basis, compared to market expectation of 3.7%.

Market reaction

This report doesn't seem to be having a noticeable impact on the greenback's performance against its rivals. As of writing, the US Dollar Index was up 0.25% on the day at 93.58.