1:33 PM · 23 December 2022

BREAKING: USD strengthens after PCE reading

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Data pack for November:

• Headline PCE inflation: 5.5% YoY vs 5.6% YoY expected (6.0% YoY previously)

• Core PCE inflation: 4.7% YoY vs 4.6% YoY expected (5.0% YoY previously)

• Personal spending: 0.1% MoM vs 0.2% MoM expected (0.8% MoM previously)

• Personal income: 0.4% MoM vs 0.3% MoM expected (0.7% MoM previously)

• Durable goods: -2.1% MoM vs -0.6% expected (1.0% MoM previously)

EURUSD pair pulls back to 1.0600 mark. Source: xStation5

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