- Breaking: US annual Core PCE inflation rises to 5.1% in September vs. 5.2% expected
Market news
28 October 2022
Breaking: US annual Core PCE inflation rises to 5.1% in September vs. 5.2% expected
Inflation in the US, as measured by the Personal Consumption Expenditures (PCE) Price Index, stayed unchanged at 6.2% on a yearly basis in September, the US Bureau of Economic Analysis announced on Friday.
The Core PCE Price Index, the Federal Reserve's preferred gauge of inflation, edged higher to 5.1% on a yearly basis from 4.9% in August, compared to analysts' estimate of 5.2%, and was up 0.5% in September.
Further details of the publication revealed that Personal Spending was up 0.6% in September and Personal Income rose by 0.4%.
Market reaction
The US Dollar Index retreated from daily highs with the initial reaction and was last seen rising 0.15% on the day at 110.76.
Market Focus
Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimerOpen Demo Account & Personal Page