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US August core PCE +3.9% y/y vs +3.9% expected

US August core PCE +3.9% y/y vs +3.9% expected
Prior was +4.2% (revised to +4.3%)Core PCE +0.1% m/m vs +0.2% expectedPrior m/m +0.2%Headline inflation PCE +3.5% y/y vs +3.5% expected (Prior +3.4%)Deflator +0.4% m/m vs +0.5% expected (prior was +0.2%)The inflation numbers are on the low side of expectations and that should take the pressure of bonds, while weighing on the US dollar. Moreover, it's the first reading below 4% on PCE inflation in two years.Consumer spending and income for August:Personal income +0.4% vs +0.4% expected. Prior m... Read More
Posted: Sep 29 2023, 12:30
Author Name: forexlive
Views: 083017

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