He Underlying Price Index for Personal Consumption Expenditure (PCE) of the United States has risen 0.1% monthly in Novembere, below the expected 0.2%. The October figure has been revised downwards, falling to 0.1% from 0.2%, as reported by the Bureau of Economic Analysis (BEA).
The headline monthly PCE has fallen 0.1% from the previous 0%, falling below the expected 0%. This is the first drop recorded by the indicator since April 2020, in the middle of the first wave of the covid pandemic.
He Year-on-year PCE has moderated to 3.2% in November, improving the 3.3% expected by the market. Additionally, the October indicator has been revised downward from 3.5% to 3.4%. The personal consumption spending inflation figure has recorded its weakest increase since April 2021.
dollar reaction
The Dollar Index (DXY) has reacted to the data by bouncing between 101.78 and 101.59. At the time of writing, the greenback is trading above 101.60, losing 0.14% 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.
