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- Breaking: US annual Core PCE inflation rises to 5.2% in January versus 5.1% expected
Breaking: US annual Core PCE inflation rises to 5.2% in January versus 5.1% expected
- Core PCE inflation was a little higher than expected in January at 5.2% YoY.
- This didn't seem to provoke a market reaction with focus more on geopolitics.
Inflation in the US, as measured by the Core Personal Consumption Expenditures (PCE) Price Index, rose to 5.2% YoY in January, the US Bureau of Economic Analysis reported on Friday. That was above the median economist forecast for 5.1% and marked an acceleration on December's 4.9% reading. MoM, the Core PCE inflation rate was 0.6%, above the median forecast for a rate of 0.5%, and slightly above December's MoM inflation rate also of 0.5%.
Core PCE is the Fed's favoured gauge of underlying inflationary pressures in the US economy. The headlines PCE rate of inflation was 6.1% YoY and 0.6% MoM.
Market Reaction
It does not seem as though FX or other markets have reacted to the latest tranche of US data, with focus much more on geopolitical developments for now.
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