1:38 PM · 28 May 2021

BREAKING: US core PCE Price Index above expectations

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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