The news is dominated by three major issues: 1. Lower than expected US Core PCE Price Index data. The Federal Reserve and other market participants pay close attention to this metric, with some preferring it to the official CPI rate as a measure of the inflationary tendency of the economy. Analysts were expecting a month-on-month rise of 0.4% but the figure came in at 0.3%, providing further evidence that inflation is falling after the previous week showed US CPI data doing the same. This is reinforcing expectations that there will be only one more rate hike in the current cycle, probably at the next Fed meeting, ... (full story)
Joined Jan 2023
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Status: Waves in trade
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The news is dominated by three major issues: 1. Lower than expected US Core PCE Price Index data. The Federal Reserve and other market participants pay close attention to this metric, with some preferring it to the official CPI rate as a measure of the inflationary tendency of the economy.Analysts were expecting a month-on-month rise of 0.4% but the figure came in at 0.3%, providing further evidence that inflation is falling after the previous week showed US CPI data doing the same. This is reinforcing expectations that there will be only one more rate hike in the current cycle, probably at the next Fed meeting