US: Annual core PCE price index ticks down to 1.8% vs 1.9% expected
|The data published by the U.S. Bureau of Economic Analysis today showed that the annual core Personal Consumption Expenditures (PCE) price index decreased to 1.8% in January from 2% and missed the market expectation of 1.9%. With the initial market reaction, the US Dollar Index, which tracks the greenback against a basket of six major currencies, dropped to 97 area.
Key takeaways from the press release
- The PCE price index decreased 0.1 percent.
- Excluding food and energy, the PCE price index increased 0.1 percent.
- Personal income increased $42.0 billion (0.2 percent) in February.
- Disposable personal income (DPI) increased $31.3 billion (0.2 percent).
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