US annual Core PCE inflation rises to 5.1% in September

Inflation in the US, as measured by the Personal Consumption Expenditures (PCE) Price Index, stayed unchanged at 6.2% on a yearly basis in September, the US Bureau of Economic Analysis announced on Friday.

The Core PCE Price Index, the Federal Reserve’s preferred gauge of inflation, edged higher to 5.1% on a yearly basis from 4.9% in August, compared to analysts’ estimate of 5.2%, and was up 0.5% in September.

Further details of the publication revealed that Personal Spending was up 0.6% in September and Personal Income rose by 0.4%.

EUR/USD has bounced from the low-0.99s. The surpass of the 1.0100 zone could open up further gains, economists at Scotiabank report.

The USD Index (DXY), a measure of the greenback vs. its main competitors, deflates from the area of 2-day highs past the 111.00 yardstick at the end of the week.