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The U.S. Dollar Is Surging After Inflation Data. Still, the Pound Is Striking Back.

Por: MarketWatch Business September 30, 2022

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The catalyst for the latest move was the August core personal consumption expenditures (PCE) index, which is the Fed’s preferred measure of inflation. Data showed that , having cooled off in July. This latest batch of inflation data is key ahead of the Fed’s next meeting on monetary policy, in early November. Facing the highest inflation in decades, the Fed has aggressively tightened financial conditions this year, hiking interest rates in a... + full article



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