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Last minute! USA: Annual core PCE inflation falls to 4.6% in February vs. 4.7% expected

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

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