On Friday, the U.S. Bureau of Economic Analysis reported that September’s Personal Consumption Expenditures (PCE) Price Index climbed 2.8% year-over-year, matching market expectations and up slightly from August’s 2.7% gain. On a month-to-month basis, the PCE Index rose 0.3%, in line with both analysts’ forecasts and the previous month’s increase.
The core PCE Price Index—the Federal Reserve’s preferred inflation gauge—also advanced 2.8% annually, down from 2.9% in August.
In response, the U.S. Dollar Index showed little movement, slipping modestly to trade near the 99.00 level.
