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CryptoNewsZ
2023-12-05 19:00:24

PCE inflation report sparks Dollar decline: US currency nears 3-month low

PCE inflation report sparks Dollar decline: US currency nears 3-month low

PCE, an acronym for Personal Consumption Expenditure, is ideal for the Federal Reserve to measure inflation. It helps them track how US citizens spend money on goods and services. A stronger PCE report reflects positively on the USD, and a weaker report means that the US Dollar is not necessarily in a good light. The …

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