Market Analysis: PCE inflation unexpectedly cools down, US dollar faces sell-off
On December 20, financial website Forexlive commented on the US PCE data: Estimates based on the Consumer Price Index and other data indicate that in the 12 months up to November, the PCE price index increased by 2.4% year-on-year, while core PCE excluding volatile food and energy categories rose by 2.8%. This is an unexpectedly comprehensive cooling report, with the dollar being sold off and bonds rebounding.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Turkmenistan passes crypto asset regulation bill, to take effect on January 1 next year
CME: BrokerTec U.S. active markets have resumed trading
CME: All markets remain suspended except for the BrokerTec EU market
A major whale switched from short to long on BTC, with a position valued at $91 million.
Trending news
MoreCrypto prices
More
