He Underlying Price Index for Personal Consumption Expenditure (PCE) rose 0.4% monthly in January after growing 0.2% in January, as published by the United States Bureau of Economic Analysis. The increase, which is in line with expectations, is the largest recorded in eleven months.
He Annual PCE has moderated to 2.8% from 2.9% the previous month, reaching its lowest level of growth since March 2021. The result has met market expectations.
The Personal income grew 1% in January, exceeding December's 0.3% and the estimated 0.4%. Personal expenses, on the other hand, grew by 0.2% compared to the previous 0.7%, as expected.
dollar reaction
The Dollar Index (DXY) has fallen after the data from the 103.95 area to the vicinity of 103.80. At the time of writing, the greenback is trading above 103.86, losing 0.07% daily.
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
