Market Analysis: PCE inflation unexpectedly cools down, US dollar faces sell-off
On December 20, financial website Forexlive commented on the US PCE data: Estimates based on the Consumer Price Index and other data indicate that in the 12 months up to November, the PCE price index increased by 2.4% year-on-year, while core PCE excluding volatile food and energy categories rose by 2.8%. This is an unexpectedly comprehensive cooling report, with the dollar being sold off and bonds rebounding.
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