Core PCE Price Index y/y comes in at 3.3% against 3.3% consensus

The Core PCE Price Index year over year for the United States came in at 3.3%. This matched the consensus expectation of 3.3%. The previous reading for the Core PCE Price Index year over year was also 3.3%. The actual print showed no surprise against the consensus.

Following the release, market reaction was observed across several pairs. Fifteen minutes after the data, AUDUSD moved -7.2 pips, EURUSD moved -9.1 pips, and GBPUSD moved -16 pips. NZDUSD moved -9.9 pips. USDCAD moved +6.6 pips, USDCHF moved +8.5 pips, and USDJPY moved +17 pips. XAUUSD moved -64 pips. Compared to historical median 1-hour moves, the 15-minute moves for AUDUSD, EURUSD, NZDUSD, USDCAD, and USDCHF were smaller than their respective median 1-hour moves of 8 pips, 11 pips, 8 pips, 13 pips, and 7 pips. GBPUSD’s -16 pips move was slightly larger than its median 1-hour move of 13 pips. USDJPY’s +17 pips move was larger than its median 1-hour move of 10 pips. XAUUSD’s -64 pips move was larger than its median 1-hour move of 29 pips.