{"id":97805,"date":"2024-02-29T22:49:12","date_gmt":"2024-02-29T18:49:12","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=97805"},"modified":"2024-02-29T23:08:06","modified_gmt":"2024-02-29T19:08:06","slug":"us-dollar-advances-as-markets-digest-pce-data","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/us-dollar-advances-as-markets-digest-pce-data\/02\/29\/market-updates\/","title":{"rendered":"US dollar advances as markets digest PCE data"},"content":{"rendered":"\n<p>The US Dollar Index (DXY) is trading near 104.130, up for Thursday&#8217;s session, with the Core PCE Price Index matching predictions. Markets continue delaying rate cuts from the Fed, favoring the Greenback. <br><br>Personal Consumption Expenditures (PCE) showed no surprises, and the Fed won&#8217;t rush to cut rates if there&#8217;s no conclusive evidence of inflation coming down. <br><br>The markets are aligned with the bank&#8217;s forecasts and are expecting 75 bps of easing in 2024, starting in June. The US Bureau of Economic Analysis announced that the inflation rate fell to 2.4% in January from 2.6% in December, and the Core PCE Price Index climbed by 2.8% over the year. <br><br>As the US economy doesn&#8217;t show conclusive evidence of inflation, markets are pushing the start of easing to June, with the odds of a cut in March and May remaining low. The indicators on the daily chart reflect a positive shift in buying momentum.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The US Dollar Index (DXY) is trading near 104.130, up for Thursday&#8217;s session, with the Core PCE Price Index matching predictions. Markets continue delaying rate cuts from the Fed, favoring the Greenback. Personal Consumption Expenditures (PCE) showed no surprises, and the Fed won&#8217;t rush to cut rates if there&#8217;s no conclusive evidence of inflation coming &hellip;<\/p>\n","protected":false},"author":13,"featured_media":94070,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[37,36],"tags":[6987,8949,8367],"class_list":["post-97805","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-forex-markets","category-market-updates","tag-inflation","tag-pce-data","tag-us-dollar"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/97805","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=97805"}],"version-history":[{"count":2,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/97805\/revisions"}],"predecessor-version":[{"id":97810,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/97805\/revisions\/97810"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/94070"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=97805"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=97805"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=97805"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}