US consumer inflation is below expected

Source: Dukascopy Bank SA


The US Dollar is declining and with it, boosting asset prices, as Personal Consumption Expenditure Index has revealed that consumer inflation in the USA is below forecast. This in turn signals that the Federal Reserve can continue to ease its monetary policy.

The index was expected to increase by 0.2% on a month-to-month basis, but the actual increase is just 0.1%.
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