US: Annual core PCE price index ticks down to 1.8% vs 1.9% expected

Eren Sengezer FXStreet

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).

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.

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