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BREAKING: EURUSD gains after lower than expected PCE data 🔔

2:31 PM 20 December 2024

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

  • PCE Price index: actual 2.4% YoY; forecast 2.5% YoY; previous 2.3% YoY;
  • PCE price index: actual 0.1% MoM; forecast 0.2% MoM; previous 0.2% MoM;
  • Core PCE Price Index: actual 2.8% YoY; forecast 2.9% YoY; previous 2.8% YoY;
 

PCE data came in slightly below expectations. However, this was enough for us to see a broad rebound in the equity and cryptocurrency markets. After a strongly hawkish Fed on Wednesday, the lower PCE data provides a kind of relief and hope for investors that inflationary pressures may not be that significant. 

 

 

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