- Core PCE inflation in US rose more than expected in December.
- US Dollar Index stays near 90.50 after the data.
The Personal Consumption Expenditures (PCE) Price Index in December edged higher to 1.3% from 1.1% in November, the report published by the US Bureau of Economic Analysis showed on Friday. On a monthly basis, the PCE Price Index rose to 0.4% from 0%.
More importantly, the Core PCE Price Index, the Federal Reserves preferred measure of inflation, ticked up to 1.5% and came in higher than the market expectation of 1.3%.
Market reaction
The US Dollar Index showed no immediate reaction to this report and was last seen at 90.45, where it was virtually unchanged on the day.
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