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12:38 · 28 May 2021

BREAKING: US core PCE Price Index above expectations

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The core PCE price index, which excludes volatile items such as food and energy and is the Federal Reserve's favorite inflation indicator, rose to 0.7% over a month earlier in April, after 0.4% advance in March and above market expectations of 0.6%. Year-on-year, core PCE prices increased to 3.1 % in April from 1.8% in March above market consensus of 2.9% It is the highest rate since the 1990s, bringing it well above the Fed’s 2% target.

EURUSD  fell after today's data releases and is heading towards support level at 1.2124 . Source:xStation5  

 

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