- Analytics
- News and Tools
- Market News
- Breaking: US annual Core PCE inflation declines to 4.6% in February vs. 4.7% expected
Breaking: US annual Core PCE inflation declines to 4.6% in February vs. 4.7% expected
Inflation in the US, as measured by the Personal Consumption Expenditures (PCE) Price Index, declined to 5% on a yearly basis in February from 5.3% in January, the US Bureau of Economic Analysis reported on Friday. This reading came in lower than the market expectation of 5.3%.
The annual Core PCE Price Index, the Federal Reserve's preferred gauge of inflation, edged lower to 4.6% from 4.7% in the same period, compared to analysts' forecast of 4.7%. On a monthly basis, Core PCE inflation and PCE inflation both rose 0.3%.
Further details of the publication revealed that Personal Income rose by 0.3% on a monthly basis in February and Personal Spending increased by 0.2%.
Market reaction
The US Dollar came under modest bearish pressure after these data and the US Dollar Index was last seen trading at 102.25, where it was still up 0.1% on a daily basis.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
