- Annual core PCE Price Index remained steady in May.
- US Dollar Index continues to move sideways below 97.50 on Friday.
The Personal Consumption Expenditures (PCE) Price Index rose to +0.1% in May from -0.5% in April, the US Bureau of Economic Analysis reported on Friday. On a yearly basis, the PCE Price Index edged lower to 0.5% from 0.6% (revised from 0.5%).
Further details of the publication revealed that the annual core PCE Price Index, the Federal Reserve’s preferred gauge of inflation, stayed unchanged at 1% and came in slightly higher than the market expectation of 0.9%.
Market reaction
The US Dollar Index paid little to no mind to these data and was last seen at 97.39, where it was virtually unchanged on the day.
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