The Federal Reserve's preferred metric for measuring inflation provided a more optimistic outlook than anticipated, offering a counterpoint to the hawkish stance expressed by the Fed earlier.
Today's PCE data brings a relative sense that inflationary pressures are easing, which could influence the Fed's future monetary policy path.
In Latin American currencies, the news was also well-received as the moderation in US inflation eases some of that pressure, giving currency markets a breathing space.
Consequently, these lower-than-expected readings have injected some calm into the market, marking a significant shift from the Fed's more persistent inflation projections earlier this week.
Collection
[
|
...
]