According to the official report, the index of personal consumption expenditures (PCE) in the United States rose weaker than expected in August, which confirmed the downward trend in inflation. On a monthly basis, the PCE index increased by 0.1%, while analysts had forecast an increase of 0.2%. On an annualized basis, the index was 2.2%, which also turned out to be lower than forecasts (2.3%) and the previous value (2.5%). The core PCE index, which excludes volatile components such as food and energy, showed an increase of 2.7% year-on-year, which coincided with analysts' expectations. In July, the benchmark index was at 2.6%. Against the background of these data, the US dollar reacted with a slight decline. The USD index dropped from 100.55 to 100.40, down 0.1%. Earlier this week, it became known that the US economy grew by 3% in the second quarter, which is significantly higher than the 1.4% growth in the first quarter. These data underline the stability of the economy against the background of fading inflationary pressures.
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