OctaFX | OctaFX Forex Broker
Open trading account
Back

US: Annual core PCE Price Index ticked up to 1.6% in December as expected

  • The Fed's preferred gauge of inflation came in at 1.6% in December.
  • US Dollar Index continues to stay in red below 98.

Inflation in the United States, as measured by the Personal Consumption Expenditures (PCE) Price Index, rose 0.3% on a monthly basis in December following November's reading of 0.1%, the data published by the US Bureau of Economic Analysis reported on Friday.

This figure came in better than the market expectation of 0.1%. On a yearly basis, the PCE Price Index came in at 1.6% to fall short of the analysts' estimate of 1.7.

Further details of the report showed that the Federal Reserve preferred gauge of inflation, the core PCE Price Index, which excludes volatile food and energy prices, rose 1.6% and 0.2% on a yearly and monthly basis, respectively.

USD reaction

The greenback's reaction to the data was largely muted and the US Dollar Index was last down 0.12% on the day at 97.75.

Canada: Real GDP edged up 0.1% in November vs. 0% expected

The real Gross Domestic Product (GDP) expanded by 0.1% on a monthly basis in November following October's 0.1% contraction, the data published by Stat
Read more Previous

USD/CAD eases from tops, still well bid near 200-DMA post-US/Canadian data

The USD/CAD pair trimmed a part of its early gains to seven-week tops, albeit still managed to hold with modest daily gains above the 1.3200 mark post
Read more Next
Start livechat