US: Annual Core PCE Price Index edges higher to 1.5% in September vs. 1.7% expected
- Annual core PCE Price Index in US came in lower than expected in September.
- US Dollar Index edges lower toward 93.70 ahead of Wall Street's opening bell.
The Personal Consumption Expenditures (PCE) Price Index in September rose 0.2% on a monthly basis, the US Bureau of Economic Analysis reported on Friday. On a yearly basis, the PCE Price Index increased to 1.4% from 1.3% in August (revised from 1.4%).
Additionally, the annual Core PCE Price Index, the Federal Reserve's preferred gauge of inflation, ticked up to 1.5% in September from 1.4% but missed analysts' estimate of 1.7%. On a monthly basis, the Core PCE Price Index arrived at 0.2%.
Market reaction
The US Dollar Index is edging modestly lower following Friday's data releases and was last seen losing 0.2% on the day at 93.73.
Author
Eren Sengezer
FXStreet
As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.
