The PCE price index increased by 0.1% in November, with a similar 0.1% rise when excluding food and energy.
Real disposable personal income (DPI) grew by 0.2%, while real personal consumption expenditures (PCE) rose by 0.3%. Goods prices climbed by 0.7%, and services prices increased by 0.1%. Compared to October, the overall PCE price index saw a 0.1% rise in November, with goods prices increasing by less than 0.1% and services prices by 0.2%. Food and energy prices both rose by 0.2%, and excluding these categories, the PCE price index still showed a 0.1% uptick.
Year-over-year, the PCE price index for November rose by 2.4%. Over the same period, goods prices fell by 0.4%, while services prices increased by 3.8%. Food prices were up 1.4%, and energy prices decreased by 4.0%. Excluding food and energy, the PCE price index experienced a 2.8% annual increase.
Source: Bureau of Economic Analysis
After the growth data below expectations from Japan earlier today, the first event to watch will be the Eurogroup meetings. However, the market will mainly focus on the JOLTS Job Openings report, which will be released at 14:00 GMT.
EUR/USD rose on US slowdown concerns and German fiscal reforms, while the yen strengthened past 148.
Detail
Dollar Slips to 4-Month Low as Euro, Yen, and Pound Rally (10 - 14 March)The Dollar Index extended its decline for a fifth consecutive session, reaching 103.7, its lowest level in four months, as tariff uncertainty and economic concerns weighed on sentiment. Traders now focus on the upcoming jobs report for insights into the labor market.
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