Inflation in the US, as measured by the Personal Consumption Expenditures (PCE) Price Index, rose to 4.1% YoY in October, the US Bureau of Economic Analysis reported on Wednesday. That was in line with the median economist forecasts and confirmed a 0.4% rise from last month's upwardly revised reading of 3.7%. MoM, the Core PCE Price Index rose at a pace of 0.4%, also in line with expectations, a 0.2% acceleration from the 0.2% rise seen in September. 

Market Reaction

FX markets did not react to the inline with forecast US inflation numbers.