• The US core PCE, the Fed’s preferred gauge for inflation, edges down, sparking speculations for a Fed pivot.
• Consumer Sentiment improved, while inflation expectations ticked lower.
• EUR/USD Price Analysis: Upward biased, but short-term neutral, ahead of Fed and ECB’s decisions.

The EUR/USD got rejected from the 1.0900 psychological barrier for two consecutive days and on Friday slipped to the 1.0860 region after data from the United States (US) cemented the case for a 25 bps rate hike by the Fed. At the time of writing, the EUR/USD is trading at 1.0866.