Core PCE inflation increases 0.2%

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

The US Bureau of Economic Analysis has published the Core Personal Consumption Expenditures Index. This index reveals inflation at the consumer level. Prices have increased by 0.2%, as expected by market analysts.

The US Dollar is reacting to the news by increasing its volatility without a clear direction.

In the current market environment inflation remains the top macroeconomic aspect to watch. High inflation indicates that the US Federal Reserve cannot cut US Dollar interest rates, which is set to keep demand for the USD high. High demand equals higher price, compared to other financial instruments. Lower inflation signals that the Fed can cut rates, which in turn results in an adjustment of the Dollar to the downside.
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