US Core PCE Price Index m/m comes in at 0.1%

The US Core PCE Price Index month over month was released at 0.1%. No consensus figure was available for comparison with this release. This data point reflects the change in the prices of goods and services purchased by consumers, excluding volatile food and energy components.

Following the release, market reactions varied across major currency pairs and gold. The USDJPY moved -1.7 pips within 5 minutes, extending to -17 pips after 15 minutes, and settled at -11 pips one hour after the release. This 1-hour move is close to its median 1-hour move of 10 pips observed after past releases. GBPUSD saw an initial move of -2.4 pips within 5 minutes, then -0.3 pips after 15 minutes, and a larger move of -17 pips after one hour. This move is above its median 1-hour move of 14 pips. Other pairs showed smaller movements relative to their historical medians. EURUSD moved +3.8 pips one hour after the release, which is small compared to its median 1-hour move of 10 pips. AUDUSD moved +1.2 pips, NZDUSD moved +3.0 pips, USDCAD moved +5.5 pips, and USDCHF moved -2.2 pips one hour after the release. These moves are all small when compared to their respective median 1-hour moves of 8 pips, 7 pips, 13 pips, and 7 pips. XAUUSD moved +14 pips one hour after the release, which is small compared to its median 1-hour move of 28 pips.