Market analysis: PCE inflation unexpectedly cooled across the board, and the dollar sold off
2024-12-20 22:04:58
Financial website Forexlive comments on U.S. PCE data: Estimates based on the Consumer Price Index and other data suggest that the PCE price index rose 2.4% year-on-year in the 12 months to November, and the core PCE, which excludes volatile food and energy categories, rose 2.8% year-on-year. It was a surprise report of a cooling across the board, with the dollar being sold off while bonds rallied. (Golden Ten)
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