The Fed’s favorite inflation figure edged up from 1.2% to 1.3%. Its it enough for the Fed? Other figures came out mixed, with spending +0.4% and income only +0.3%.
The US dollar is slightly higher after the release with 1.1165 on EUR/USD, USD/JPY ticking higher to 120.12 and similar marginal patterns in other currencies.
Read the rest of the article US Core PCE rises to 1.3% – USD higher