US Data Hits: Inflation Slightly Hotter, Growth Holds
The latest US data just came in:
Core PCE: 0.2% vs 0.2% expected
Prelim GDP: 1.5% vs 1.5% expected
GDP Price Index: 6.4% vs 6.2% expected
Core PCE and GDP were exactly in line with expectations, while the GDP Price Index came in slightly hotter.
Initial fundamental impact: mildly supportive for DXY and slightly negative for Gold and $BTC , but the surprise is not strong enough on its own to suggest a major trend reversal.
#DXY
The latest US data just came in:
Core PCE: 0.2% vs 0.2% expected
Prelim GDP: 1.5% vs 1.5% expected
GDP Price Index: 6.4% vs 6.2% expected
Core PCE and GDP were exactly in line with expectations, while the GDP Price Index came in slightly hotter.
Initial fundamental impact: mildly supportive for DXY and slightly negative for Gold and $BTC , but the surprise is not strong enough on its own to suggest a major trend reversal.
#DXY
