US Core PCE hits 3.6% in August as expected, other figures mixed, dollar remains pressured

Yohay Elam FXStreet

The US Core Personal Consumption Expenditure (Core PCE) has risen by 3.6% YoY in August, as expected. On a monthly basis, Core PCE has advanced by 0.3%, a tad below 0.4% projected. The indicator is the Federal Reserve's preferred measure of inflation.

Personal Income increased by 0.2% compared with 0.3% projected while Personal Sepnding jumped by 0.8%, exceeding estimates – yet on top of a downward revision for July.

The US dollar is under pressure as the market mood improved. S&P 500 futures point to a positive open in Wall Street, an upswing compared with the status earlier in the day. US 10-year Treasury yields are changing hands around 1.50%, little changed.

The next significant release on the docket is the ISM Manufacturing Purchasing Managers' Index, which serves as the first hint toward next week's Nonfarm Payrolls.

Author

Yohay Elam

FXStreet

Yohay is in Forex since 2008 when he founded Forex Crunch, a blog crafted in his free time that turned into a fully-fledged currency website later sold to Finixio.

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