BREAKING: EURUSD muted after PCE data. Consumption shrinks 📉

01:30 PM GMT, United States - Inflation Data for January:

• PCE price index: actual 0.3% MoM; forecast 0.3% MoM; previous 0.3% MoM;

• PCE Price index: actual 2.5% YoY; forecast 2.5% YoY; previous 2.6% YoY;

• Core PCE Price Index: actual 2.6% YoY; forecast 2.6% YoY; previous 2.8% YoY;

• Core PCE Price Index: actual 0.3% MoM; forecast 0.3% MoM; previous 0.2% MoM;

01:30 PM GMT, United States - Personal Consumption for January:

• Real Personal Consumption: actual -0.5% MoM; forecast 0,1, previous 0.5% MoM;

• Personal Spending: actual -0.2% MoM; forecast 0.2% MoM; previous 0.8% MoM;

The PCE report did not deliver any major surprises. Core PCE fell for the first time in 7 months to its lowest since 2021, while the MoM changed mirrored the CPI increase, adding 0,1 percentage point to 0.3%.. Personal consumption significatly, mostly in the discretionary goods sector. EURUSD denotes slight increase, although data relase hasn't proved a significant market mover.

Source: xStation5