The Pound Sterling (GBP) remains firm, hovering around 1.2950 against the US Dollar (USD), virtually unchanged, as traders ...
USD/JPY continues to face selling pressure even though the US core PCE inflation for February came in higher-than-expected.
The PCE data may offer Fed officials more solace ... we stand by our view that rate cuts are off the table this year," said Thomas Ryan, North America economist for Capital Economics.
Both benchmarks hit a three-week high on Tuesday, and traded over 2% higher for the week, driven by U.S. threats of tariffs on countries purchasing Venezuelan oil and gas, along with declining U.S.
What is the PCE (Personal Consumption Expenditures) Index? The PCE Price Index is a key measure of inflation that tracks changes in the prices U.S. households pay for goods and services.
PCE inflation increases 0.3% in January, matches Wall Street forecast Core PCE rises 0.3% in January, matches Wall Street forecast 12-month increase in PCE index slows to 2.5% from 2.6%.
The personal consumption expenditures (PCE) price index, the Federal Reserve's preferred inflation measure, rose 2.5% in January on an annual basis, matching economists' expectations and providing ...
The Federal Reserve's preferred inflation gauge showed prices rose as expected in January at a pace that remains above the central bank's target level as its efforts to tamp down inflation continue.
The Personal Consumption Expenditures (PCE) report is out and it brings a deep dive into the state of the U.S. economy and inflation. Inflation came in 2.5% higher year-over-year in January ...