US publishes higher PCE inflation

Note: This section contains information in English only.
Source: Dukascopy Bank SA


The US Bureau of Economic Analysis has just published its monthly Core PCE Price Index. The index was expected to reveal personal consumption expenditures to have increased by 0.3%. The actual increase has been revealed to be 0.4%.

The data was already expected to confirm that the US Federal Reserve was not managing in decreasing price inflation in the United States. However, the actual number signals that inflation is even higher than thought.

Due to this reason, markets expect more monetary tightening from the United States Federal Reserve, which is boosting the value of the US Dollar. Namely, the interest rates are set to increase for the USD.
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