Market Analysis: PCE inflation unexpectedly cools across the board, and the dollar faces selling pressure
ChainCatcher news, according to Jinshi reports, the financial website Forexlive evaluates the U.S. PCE data: estimates based on the Consumer Price Index and other data indicate that for the 12 months ending in November, the PCE price index rose by 2.4% year-on-year, while the core PCE, excluding the more volatile food and energy categories, rose by 2.8% year-on-year.
This is an unexpectedly comprehensive cooling report, the dollar is being sold off, while bonds are rebounding.
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