AUD/USD tumbles below 0.6450 amid buoyant US dollar – by christianborjon AUDUSD Majors Inflation UnitedStates Fed
officials crossing wires reiterating the need for higher rates after the Fed’s gauge of inflation for August surprisingly jumped.
The US Federal Reserve’s favorite measure of inflation, known as the PCE, jumped more than estimated, rising 0.3% MoM on August, 6.2% YoY, while core PCE, which strips volatile items, accelerated at a 0.6% MoM pace, up 4.9% YoY, the US Commerce Department said.
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