The Inflation in the US, measured by the Personal Consumption Price Index (PCE), fell to 5% annually in February, from 5.3% in January, the US Bureau of Economic Analysis reported on Friday. This number improved market expectations, which expected 5.3%.
price index Annual underlying PCEthe Federal Reserve’s preferred inflation gauge, fell to 4.6% from 4.7% in the same period, compared to 4.7% expected by analysts. In monthly terms, both core inflation and inflation measured by the PCE index increased by 0.3%.
Other details in the release revealed that Personal Income increased 0.3% m/m in February and Personal Spending 0.2%.
market reaction
The Dollar came under slight bearish pressure following the release of this data, and the Dollar Index is trading at 102.25 at time of writing, up 0.1% daily.
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
