US Core PCE Price Index At 0.1% M/M, 1.7% Y/Y As Expected

No big surprises on the last day of October: the core PCE Price Index rises 0.1% as expected. Year over year, the level remains 1.7%. Other figures offset each other.

The US dollar is unmoved in the initial reaction. It does not change the picture for the Fed, that continues seeing OK inflation, supporting a very gradual path of rate hikes.

The United States released a bulk of economic figures for September, with the Fed’s favorite inflation figure standing out. The Core PCE Price Index was expected tor rise by 0.1% month over month. It advanced to 1.7% y/y back in August.

The US dollar slightly recovered ahead of the publication, as the FBI Effect faded away.

Data (updated)

Core PCE Price Index, previous 0.2%, expected 0.1%, actual: 0.1%.

Personal Income: prev. 0.2%, exp. 0.4%, actual: 0.3%.

Personal consumption, prev. 0%, exp. 0.4%, actual: 0.5%.

The announcement late on Friday that the FBI would be reopening the investigation about Clinton’s email hurt the dollar and stock markets, but as time passed by, there seems to be less fire than smoke, or at least, less perceived impact on the elections.