Tag Archives: PCE data

The Fed’s favorite inflation gauge slowed in March, in its first retreat in more than one year, according to a report issued Friday in the run-up to next week’s meeting of the policy-setting Federal Open Market Committee.PCE data gives a reading of the Personal Consumption Expenditures Price Index that excludes …

Gold Prices continue to trade higher on Friday amid month-end US dollar weakness, with prices still above $1900. But XAU/USD has pulled back from earlier highs with US yields rallying in wake of the latest US data dump. Traders’ focus now has switched to next week’s Fed policy meeting, with …

Core PCE inflation fell a little more than expected in March, but the Employment Cost Index jumped in Q1. The latest Personal Income and Spending figures for March will instill confidence about the underlying strength of the US economy. Annual inflation in the US fell to 5.2% in March according …

On Thursday, the first estimate of US GDP growth will be released. Analysts at Wells Fargo, expect a 0.6% annualized growth rate. They point out that although the economy does not appear on the cusp of another downturn, the probability of a recession next year is not insignificant. Key Quotes: …

The euro tumbled on Thursday as investors fretted about rising EU-Russia economic tensions after Russian President Vladimir Putin doubled down on a demand that European nations pay for Russian gas in roubles, exacerbating fears that Russia might block energy exports to the EU bloc. This, coupled with a generalized paring …

Friday’s trading session, so far, has witnessed risk appetite improved as European and US equities trade remain in the green territory, ahead of the weekend on a busy week in the financial markets. In the currencies’ space, risk-sensitive currencies led by the NZD and the AUD record gains, while safe-haven …