US: PCE dropped 0.1% QoQ in Q2

FXstreet.com (Edinburgh) -The US Commerce Department informed that the US inflation, measured by the Personal Consumption Expenditures, contracted 0.1% QoQ during the second quarter, missing estimates at 0.0%. The Core reading, which strips the food and energy costs, rose 0.6% QoQ vs. 0.8% expected.