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
BREAKING: US December manufacturing PMI holds at 51.8; eases from 52.2 in November📌
BREAKING: S&P Manufacturing PMI data from the UK weaker than expected
Economic calendar: Markets await final US manufacturing PMI data🔎
BREAKING: Euro Zone Manufacturing PMI misses the estimate 🇪🇺 📉