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The Fed’s preferred inflation indicator fell in August, and the dollar posted weekly losses
image 30 September، 2022
image ابحاث السوق
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 Data released moments before by the US Bureau of Economic Analysis showed an increase in US personal income by $71.6 billion in August, or 0.3%, while the PCE, the preferred indicator for measuring inflation, rose by 0.3% on a monthly basis from -0.1% in July, On the other hand, the main index, excluding food and energy prices, rose by 0.6%.

The annual index fell to 6.2% in August, compared to 6.4% in the July reading, while expectations indicated a rise to 6.6%, the main index, excluding food and energy prices, rose to 4.9% compared to 4.7% in the July reading (expectations of 5.2%). ) .

The general index of the US dollar is heading to close its week with a loss of more than 0.60%, trading before the opening of the US markets at levels of 112.40

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