PCE

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…

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…

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…

(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 BloombergContracts on the S&P 500 rose 0.1%…

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…

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…

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…

Markets:Gold falls $19 to $2,501West 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…

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…

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…