Core PCE prices in the US which exclude food and energy fell to 0.2% month-over-month in September, following 0.3 % gain in August and in line with market expectations of a 0.2% rise. Year-on-year, core PCE inflation stands at 3.6 %, the same as in the previous month and below analysts’ estimates of 3.7%.
Personal income declined to -1.0% MoM in September, from -0.2% drop in August and compared to market expectations of a -0.1% decrease.
Personal spending increased to 0.6% from a month earlier in September, following upwardly revised 1.0% rise in August and compared with market consensus of a 0.5% increase.
EURUSD saw a relatively small reaction to today’s data releases. The most popular currency pair continued to trade around 1.1640 level. Source: xStation5
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