Category: PCE
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Key Fed inflation gauge shows PCE ‘going sideways’
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The latest reading of the Fed’s preferred gauge of inflation showed that price increases were flat in October compared with the previous month, raising questions about whether progress in reaching the central bank’s 2% target has stalled. The core personal consumption expenditures index, which excludes food and energy costs and…
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Key Fed inflation gauge shows PCE ‘going sideways’
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The latest reading of the Fed’s preferred gauge of inflation showed that price increases were flat in October compared with the previous month, raising questions about whether progress in reaching the central bank’s 2% target has stalled. The core personal consumption expenditures index, which excludes food and energy costs and…
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The USD is lower on PCE data. What are the technicals telling us in EURUSD, USDJPY &GBPUSD
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US PCE data was below expectations and helped push the US dollar lower. For EURUSD, the price moved above the swing zone between 1.1181 and 1.11897. Next targets are at 1.1200 and this week’s high at 1.12130. Passing these levels will make traders target the 61.8% retracement of the downward…
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Forexlive Americas FX news wrap: US PCE inflation cools
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High risk warning: Foreign exchange trading involves a high level of risk that may not be suitable for all investors. Leverage creates more risk and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience and risk tolerance. You may lose some or…
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US Stock Futures Post Modest Gains After PCE Data: Markets Wrap
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(Bloomberg) — U.S. futures rose slightly after long-awaited economic data highlighted a slowing economy and boosted bets on further interest rate cuts by the Federal Reserve. Most read from Bloomberg Contracts on the S&P 500 rose 0.1% after the underlying index reached its 42nd highest closing level this year. The…
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Newsquawk Week Ahead: Highlights include US PCE, Global PMIs, RBA, SNB, and Australian CPI
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Mon: Market Holiday: Japan (Autumnal Equinox); EZ, UK & US Flash PMIs (Sep), US National Activity Index (Aug) Tue: RBA Policy Announcement; German Ifo (Sep), US Consumer Confidence (Sep), Richmond Fed (Sep) Wed: Riksbank & CNB Policy Announcements; Australian CPI (Aug), US Building Permits Revision (Aug), New Home Sales (Aug),…
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US July core PCE +2.6% y/y vs +2.7% expected
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Previous was +2.6% Core Personal Spending +0.2% MoM vs. +0.2% Expected (Unrounded +0.161%) Previous M/M +0.2% Core PCE inflation rose to +2.5% YoY vs. +2.6% expected (+2.5%) Deflator +0.2% MoM vs. +0.2% Expected (previous was +0.1%) Unrounded m/m +0.155% Consumer Spending and Income for July: Personal income +0.3% vs. +0.2%…
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Dallas Fed trimmed mean PCE price index for July 1.7% versus 1.8% in June
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Average 12-month reduction was 2.7% versus 2.8% previously. Looking at the data, we see some notable changes: Eggs: a massive 90.9% increase (1-month annual change) Window coverings: significant decrease of -27.3% Used Cars: Huge drop of -25.2% Jewelry: Significant decrease of -20.4% Natural Gas: Down -7.7% Physician services: slight decrease…
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Forexlive Americas FX news wrap: US dollar strengthens despite slightly cooler PCE report
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Markets: Gold falls $19 to $2,501 West Texas Intermediate crude oil fell $2.47 to $73.44 a barrel. US 10-year Treasury yields rise 4.3 basis points to 3.81% S&P 500 rises 0.6% The US dollar advances, the yen lags. It was hard to relate fundamentals to market movements today, as is…
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Forexlive Americas FX news wrap: US dollar strengthens despite slightly cooler PCE report
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Markets: Gold falls $19 to $2,501 West Texas Intermediate crude oil fell $2.47 to $73.44 a barrel. US 10-year Treasury yields rise 4.3 basis points to 3.81% S&P 500 rises 0.6% The US dollar advances, the yen lags. It was hard to relate fundamentals to market movements today, as is…
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U.S. Core PCE Prices Held Steady in July as Consumer Spending Rises
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The latest US economic data suggests that inflation will remain stable in July 2024, while consumer spending will increase, according to figures released today by the Bureau of Economic Analysis (BEA). The core personal consumption expenditures (PCE) price index, a key inflation gauge closely watched by the Federal Reserve, rose…
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US futures climb in wait for Fed-favored PCE inflation print
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U.S. stocks rose before the bell on Friday, looking to end a volatile week on a higher note as investors eager for interest rate cuts awaited a key reading of the Federal Reserve’s preferred inflation gauge. Dow Jones Industrial Average futures rose about 0.2%, holding onto their record close from…
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Asia FX muted before PCE test; yen firms on strong CPI, while yuan hits 2024 peak By Investing.com
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Most Asian currencies remained in a tight range on Friday as the dollar held onto recent gains in anticipation of key inflation data that is likely to influence interest rate expectations. The Japanese yen strengthened, approaching levels seen at the start of the month, as strong inflation data from Tokyo…
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Newsquawk Week Ahead: Highlights include US PCE, UoM, Global CPI’s, and NVDA earnings
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MondayUK Market Holiday (Bank Holiday), German Ifo Index (August) Tuesday: China central bank meeting minutes, China industrial profits (July), German GfK consumer confidence (September) Get married:Australian CPI (July), NVIDIA (NVDA) Earnings (Q2) ThursdaySpanish CPI (Aug), German Länder CPI (Aug), Eurozone Sentiment Survey (Aug), US GDP (2nd) and Personal Spending Index…
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ForexLive European FX news wrap: A bit of respite ahead of the US PCE report
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headlines: Markets: Australian Dollar Advances, Yen Lags During the Day European stocks rise; S&P 500 futures up 0.7% The yield on the 10-year US Treasury note fell 1.9 basis points to 4.236%. Gold rises 0.4% to $2,373.24 West Texas Intermediate crude fell 0.3% to $76.85. Bitcoin price rises 3.0% to…
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US inflation (PCE) data due imminently – here is the critical range to watch
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I posted this during the Asian time zone, and I’m repeating it here. Before I do that, check this out: — The core personal spending data is due at 0830 ET and is the focus of attention. You can see the median estimates below in the table. The ranges for…
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US PCE data is the key release today
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Today’s data could help the Fed make its decision next week (and beyond), as the “preferred measure of inflation” (core PCE) will be released at 8:30 a.m. ET. Personal spending and spending (and personal income and spending) data will highlight the economic data review due out today, along with the…
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US Core PCE YoY for June 2.6% versus 2.5% estimate
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Core Personal Spending Index in the previous month 2.6% Core CPI on a monthly basis was 0.2% vs. 0.1% estimate. The unrounded index was lower than the 0.2% increase at 0.188% Baseline PCE in urine last year 2.6% vs. 2.5% estimated. Last month 2.6% The monthly CPI was 0.1% vs.…
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Dollar stable ahead of PCE data; euro edges higher, yen slips By Investing.com
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The US dollar was steady in early European trading on Friday ahead of key inflation data, while the euro rose and the Japanese yen fell slightly but remained on track for its strongest week in three months. At 04:00 ET (09:00 GMT), the dollar index, which tracks the greenback against…
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Asia FX weakens with yuan volatile, dollar steady ahead of PCE data By Investing.com
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Most Asian currencies moved in a flat-to-low range on Friday with the Chinese yuan volatile amid suspected intervention by the People’s Bank of China, while the dollar held steady ahead of key inflation data. Weak risk appetite has seen traders shun most regional currencies this week, while the Japanese yen…