Market analysis: PCE inflation unexpectedly cooled across the board, and the US dollar was sold off
Odaily reports that according to financial website Forexlive's analysis of the US PCE data: Estimates based on the Consumer Price Index and other data show that the PCE price index rose 2.4% year-on-year in the 12 months to November, while the core PCE, excluding the more volatile food and energy categories, rose 2.8% year-on-year. This is an unexpectedly comprehensive cooling report, with the <Dai> being sold off and bonds rebounding. (JinShi)
