US monthly data pack for February, including PCE inflation data, was released today at 12:30 pm GMT. Report was expected to show no change in headline as well as core PCE on an annual basis.
Actual data turned out to be mostly in-line with expectations. However, headline PCE acelerated unexpectedly. Personal income data missed expectations while personal spending data beat expectations. A beat in headline PCE seems to be driving market reaction as response can be seen as dovish. USD dropped, pushing EURUSD to retest daily highs.
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Open account Try demo Download mobile app Download mobile appUS, monthly data pack for February
- Headline PCE (annual): 2.5% YoY vs 2.4% YoY expected (2.4% YoY previously)
- Headline PCE (monthly): 0.3% MoM vs 0.4% MoM expected (0.3% MoM previously)
- Core PCE (annual): 2.8% YoY vs 2.8% YoY expected (2.8% YoY previously)
- Core PCE (monthly): 0.3% MoM vs 0.3% MoM expected (0.3% MoM previously)
- Personal Income: 0.3% MoM vs 0.4% MoM expected (1.0% MoM previously)
- Personal Spending: 0.8% MoM vs 0.5% MoM expected (0.2% MoM previously)
Source: xStation5
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