Data released moments before by the US Bureau of Economic Analysis showed an increase in US personal income by 133.5 billion dollars in June, an increase of 0.6%, while personal consumption expenditures increased by 181.1 billion dollars by 1.1%.
The US Fed’s preferred PCE inflation gauge rose 6.8% y/y from 6.3% in May (expectations 6.5%), while the monthly index rose 1%.
The main index, excluding food and energy prices, rose to 4.8% on an annual basis from 4.7%, while expectations were for an increase of 5%.
Despite the rise in the general index of the US dollar after the announcement of inflation figures, it is heading to close the week with a weekly loss of about 0.20%, trading at 106.30 levels before the opening of the US markets for the closing session of the week today, Friday.
02/11/2024
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