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
🔵 ECB Conference (LIVE)
BREAKING: US GDP slightly lower, core PCE on the rise 🗽USD reacts
BREAKING: ECB keep rates unchanged 📌 EURUSD back below 1,1700 📉 🇪🇺
BREAKING: Eurozone economy slows down unexpectedly❗️EURUSD without direction 🇪🇺