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US Core PCE Price Index at 0.1% m/m, 1.7% y/y

No big surprises on the last day of October: the core PCE Price Index rises 0.1% as expected. Year over year, the level remains 1.7%. Other figures offset each other.

The US dollar is unmoved in the initial reaction. It does not change the picture for the Fed, that  continues seeing OK inflation, supporting a very gradual path of rate hikes.

The United States released a bulk of economic figures for September, with the Fed’s favorite inflation figure standing out. The Core PCE Price Index was expected tor rise by 0.1% month over month. It advanced to 1.7% y/y back in August.

The US dollar slightly recovered ahead of the publication, as the FBI Effect  faded away.

Data (updated)

  • Core PCE Price Index, previous 0.2%, expected 0.1%, actual: 0.1%.
  • Personal Income: prev. 0.2%, exp. 0.4%, actual: 0.3%.
  • Personal consumption, prev. 0%, exp. 0.4%, actual: 0.5%.

The  announcement late on Friday that the FBI would be reopening the investigation about Clinton’s email hurt the dollar and stock markets, but as time passed by, there seems to be less fire than smoke, or at least, less perceived impact on the elections.

More: US elections and forex – all the updates


Yohay Elam

Yohay Elam

Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts.