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  • Personal Income and Outlays, August 2022

    From bea.gov

    Personal income increased $71.6 billion (0.3 percent) in August, according to estimates released today by the Bureau of Economic Analysis (tables 3 and 5). Disposable personal income (DPI) increased $67.6 billion (0.4 percent) and personal consumption expenditures (PCE) increased $67.5 billion (0.4 percent). The PCE price index increased 0.3 percent. Excluding food and energy, the PCE price index increased 0.6 percent (table 9). Real DPI increased 0.1 percent in August and Real PCE increased 0.1 percent; goods decreased 0.2 percent and services increased 0.2 percent (tables 5 and 7). table The increase in ... (full story)

Added at 8:43am

  • Fed's preferred inflation gauge accelerated more than expected in August

    From foxbusiness.com

    The Federal Reserve's preferred inflation gauge accelerated again in August, keeping prices elevated near a four-decade high, according to new data released on Friday. The personal consumption expenditures index showed that core prices, which strip out the more volatile measurements of food and energy, climbed 0.6% from the previous month and rose 4.9% on an annual basis, according to the Commerce Department. Those figures are both higher than the 0.5% monthly increase and 4.7% annual increase forecast by Refinitiv economists. The more encompassing headline figure rose 6.2% on an annual basis after prices rose 0.3% ... (full story)

Good Data of USD, but movement to slow. and base on trend still USD the King.
Junx FX Trading Return Today: na
It’s time to sell EUR and GBP
USD going straight to hell!
Master your mind. Master Trading.
Quoting KareemAliFx
USD going straight to hell!
You don't understand whats going on here do you?
Plan, Prepare, Execute, Repeat
Good data for USD
even the good data of USD still why the heck direction of market getting opposite!.
Junx FX Trading Return Today: na
Quoting swingtrade65
{quote} You don't understand whats going on here do you?
I’m not saying this based off this report. It is because of the fact that by the books the US is now officially in a recession
Master your mind. Master Trading.
Oh man, really good data again from usd. Just wait wht another reason will news make for deny this good data.
Quoting KareemAliFx
{quote} I’m not saying this based off this report. It is because of the fact that by the books the US is now officially in a recession
Got this bro, no country will allow that to happen that US will dominate, US cannot use the Interest Hike forever. and other country will find way.
Junx FX Trading Return Today: na
Until break 145, USD will be always soft. Non-directional prediction. Data is not sufficient to break 145 again. That is why EUR, GBP and Gold will get benefits. For this, the Intoxin pair may aggressively buy.
Quoting Ftmofx
Until break 145, USD will be always soft. Non-directional prediction. Data is not sufficient to break 145 again. That is why EUR, GBP and Gold will get benefits.
this is a good explanation. thank you mate
Junx FX Trading Return Today: na
Just few spike on eu , market is not surprised by data.
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Quoting junx0071984
even the good data of USD still why the heck direction of market getting opposite!.
This is still the data for August, we're going into October now.
The consumer sentiment report will put light through!!!
I think USD trend low?? Tell me?
movement too slow.
Take chance and dive into your ocean
Good
Quoting Ftmofx
Until break 145, USD will be always soft. Non-directional prediction. Data is not sufficient to break 145 again. That is why EUR, GBP and Gold will get benefits. For this, the Intoxin pair may aggressively buy.
Break 145 of value of what sir?.
Quoting junx0071984
even the good data of USD still why the heck direction of market getting opposite!.
Because Chicago PMI and consumer confidence are important and not good ..
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    Here’s Why China’s Yuan Hit Record Lows Against the US Dollar

    From bnnbloomberg.ca|Sep 30, 2022

    China’s yuan, also called renminbi, slumped around 4% in September as the Fed’s tightening spurred a rally in the dollar against other currencies. The yuan fell to a record low ...

    Brainard: Global Financial Stability Considerations for Monetary Policy in a High-Inflation...

    From federalreserve.gov|Sep 30, 2022

    I want to start by thanking Anna Kovner, Rochelle Edge, and Bill Bassett for organizing this conference. The current global environment highlights the importance of having strong analytic and empirical foundations to understand financial stability considerations for monetary policy, and the research presented today will help strengthen those foundations.1 The global environment of high inflation and rising interest rates highlights the importance of paying attention to financial stability considerations for monetary policy. As monetary policy tightens globally to combat high inflation, it is important to consider how cross-border spillovers and spillbacks might interact with financial vulnerabilities. Inflation is very high in the United States and abroad, and the risk of additional inflationary shocks cannot be ruled out. In August, CPI (consumer price index) inflation on a 12-month basis was 8.3 percent in the United States, 9.9 percent in the United Kingdom, 9.8 percent in Sweden, 9.1 percent in the euro area, 8.7 percent in Mexico, 7.0 percent in Canada, and 5.7 pe tweet at 9:00am: BRAINARD: POLICYMAKERS TAKING RISK-MANAGEMENT POSTURE TO GUARD AGAINST RISKS OF LONGER-TERM INFLATION EXPECTATIONS MOVING ABOVE TARGET #News #Forex #INFLATION tweet at 9:00am: BRAINARD: THERE IS RISK THAT SUPPLY DISRUPTIONS COULD BE PROLONGED BY UKRAINE WAR, CHINA'S COVID LOCKDOWNS OR WEATHER DISRUPTIONS #News #Forex #CHINA #UKRAINE tweet at 9:00am: *BRAINARD: SHOULD CONSIDER SPILLOVERS AS RATES TIGHTEN GLOBALLY tweet at 9:00am: FED'S BRAINARD: THE FED IS DETERMINED NOT TO WITHDRAW PREMATURELY.

    Fed's Daly: our top priority is to reduce inflation

    From @sevenloI|Sep 30, 2022

    tweet at 9:13am: FED'S DALY: OUR NUMBER ONE PRIORITY IS TO GET INFLATION DOWN-- NEWSY INTERVIEW FED'S DALY: WE ARE STARTING TO SEE THE BENEFITS OF RATE INCREASES, WITH HOUSING MARKET COOLING FED'S DALY: WE NEED TO SEE A LOT MORE RELIEF ON INFLATION tweet at 9:14am: FED'S DALY: RATE INCREASES WE HAVE TAKEN AND PROJECT WILL BRING INFLATION DOWN FED'S DALY: ADDITIONAL RATE HIKES ARE THE RIGHT THING TO DO, BUT HOW HIGH WE WILL GO DEPENDS ON DATA tweet at 9:16am: FED'S DALY: WE DON'T HAVE A PRESET COURSE FED'S DALY: THE ECONOMY IS NOT TEETERING ON RECESSION; IT NEEDS TO SLOW FED'S DALY: THE ECONOMY IS MOVING FROM FRENETIC TO SOMETHING MORE SUSTAINABLE tweet at 9:23am: FED'S DALY: U.S. ECONOMY FEELS SOLID FED'S DALY: INFLATION IS TOO HIGH

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