US Core PCE Comes in Stronger than Expected; US Dollar Bid
With strong inflation data lately and Fed speakers remaining hawkish, many traders were expecting the Fed’s favorite measure of inflation, Core PCE, to come in hotter than expected. They weren’t disappointed. The MoM Core PCE jumped to 0.6% vs an expectation of 0.4% and a higher revised print for December from 0.3% to 0.4%. The […] The post US Core PCE Comes in Stronger than Expected; US Dollar Bid appeared first on Action Forex.
With strong inflation data lately and Fed speakers remaining hawkish, many traders were expecting the Fed’s favorite measure of inflation, Core PCE, to come in hotter than expected. They weren’t disappointed. The MoM Core PCE jumped to 0.6% vs an expectation of 0.4% and a higher revised print for December from 0.3% to 0.4%. The […]
The post US Core PCE Comes in Stronger than Expected; US Dollar Bid appeared first on Action Forex.
