The Core Personal Consumption Expenditures (PCE) Price Index, the US Federal Reserve’s (Fed) preferred inflation gauge, will be released by the US Bur
The Core Personal Consumption Expenditures Price Index is forecast to rise 0.3% MoM and 3.7% YoY in September. The Federal Reserve’s Summary of Economic Projections pointed to one more rate hike in 2023. Markets could overlook PCE inflation data following Thursday’s GDP report. eau of Economic Analysis at 12:30 GMT. What to expect in the Federal Reserve’s preferred PCE inflation report? The Core Personal Consumption Expenditures Price Index, which excludes food and energy, is forecast to rise 0.
policymakers use the annual Core PCE Price Index, which excludes volatile food and energy prices, as their primary gauge of inflation. A stronger-than-expected reading could help the USD outperform its rivals as it would hint at a possible hawkish shift in the Fed’s forward guidance and vice versa. Inflation FAQs What is inflation? Inflation measures the rise in the price of a representative basket of goods and services.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
US Core PCE Preview: Forecasts from six major banks, acceleration in inflationThe Fed’s preferred inflation gauge, the Core Personal Consumption Expenditure (PCE), will be released by the US Bureau of Economic Analysis (BEA) on
Read more »
Federal Reserve Board ends currency trading-tied enforcement action on CitigroupFederal Reserve Board ends currency trading-tied enforcement action on Citigroup
Read more »
GBP/USD holds steady above 1.2100 mark, looks to US PCE Price Index for fresh impetusThe GBP/USD pair struggles to capitalize on the previous day's goodish rebound from the 1.2070 area, or over a three-week low and seesaws between tepi
Read more »
USD/INR loses traction on the lower US yields, eyes on US PCE dataIndian Rupee (INR) holds positive ground on Friday. The USD/INR pair loses momentum on the lower US Treasury bond yields despite the upbeat US Gross D
Read more »
Gold Price Forecast: XAU/USD extends its upside near the $2,000 barrier, US PCE data loomsGold price (XAU/USD) holds positive ground for the third consecutive day during the early Asian session on Friday. That being said, the lower US Treas
Read more »
Gold remains below multi-month top as traders look to US PCE data for fresh impetusGold price (XAU/USD) attracts some dip-buying during the Asian session on Friday – marking the third successive day of a positive move – and draws sup
Read more »