Core PCE inflation holds steady at 2.9% in August as forecast
The post Core PCE inflation holds steady at 2.9% in August as forecast appeared on BitcoinEthereumNews.com.
Annual inflation in the United States (US), as measured by the change in the Personal Consumption Expenditures (PCE) Price Index, edged higher to 2.7% in August from 2.6% in July, the US Bureau of Economic Analysis reported on Friday. This print came in line with market expectations. The core PCE Price Index, which excludes volatile food and energy prices, rose 2.9% in the same period, matching July’s increase and analysts’ estimate. The PCE Price Index and the core PCE Price Index rose 0.3% and 0.2%, respectively, on a monthly basis. Other details of the report showed that Personal Income increased by 0.4%, while Personal Spending expanded by 0.6% in August. Market reaction to PCE inflation data These readings failed to trigger a noticeable market reaction. At the time of press, the US Dollar (USD) Index was trading virtually unchanged on the day at 98.42. US Dollar Price This week The table below shows the percentage change of US Dollar (USD) against listed major currencies this week. US Dollar was the strongest against the New Zealand Dollar. USD EUR GBP JPY CAD AUD NZD CHF USD 0.61% 0.78% 1.24% 1.14% 0.99% 1.78% 0.59% EUR -0.61% 0.19% 0.58% 0.50% 0.33% 1.13% -0.05% GBP -0.78% -0.19% 0.34% 0.34% 0.17% 0.99% -0.19% JPY -1.24% -0.58% -0.34% -0.09% -0.25% 0.55% -0.62% CAD -1.14% -0.50% -0.34% 0.09% -0.16% 0.64% -0.51% AUD -0.99% -0.33% -0.17% 0.25% 0.16% 0.81% -0.35% NZD -1.78% -1.13% -0.99% -0.55% -0.64% -0.81% -1.18% CHF -0.59% 0.05% 0.19% 0.62% 0.51% 0.35% 1.18% The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the US Dollar from the left column and move along the horizontal line to the Japanese…
