Full coverage of the PCE price report and its impact on financial markets.
An initial bump for stocks on Thursday was wearing thin in early-afternoon trading as investors focused on how long inflationary pressures might keep the Federal Reserve from cutting rates. 'The market was prepared for PCE to be worse, and it wasn't, so you got this bit of a relief rally,' said Crit Thomas, global market strategist at Touchstone Investments. 'But that's pulled back a bit.
Thomas said the reading echoed an earlier consumer-price index update that rattled Wall Street by showing continued strong consumer demand for services, which prompted traders to dial back their expectations for early rate cuts this year. 'It still leaves us a bit in the dark in terms of what's happening going forward,' he said.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
UK car production increases 21% year-on-year in JanuaryThe UK car industry had its most productive month since January 2021 in January
Lire la suite »
US Dollar Slips after Core PCE meets Expectations, USD still needs a DriverThe latest US inflation data came in line with market expectations, disappointing a market that has been looking for a driver.
Lire la suite »
Core PCE inflation softens to 2.8% as expectedThe Core Personal Consumption Expenditures (PCE) Price Index, the US Federal Reserve’s (Fed) preferred inflation measure, will be published on Thursday by the US Bureau of Economic Analysis (BEA) at 13:30 GMT.
Lire la suite »
Markets on Edge Before US PCE Data; Outlook – Gold, EUR/USD, USD/JPY, GBP/USDThis article provides an in-depth analysis of the outlook for EUR/USD, USD/JPY, GBP/USD and gold prices, exploring various potential scenarios that may manifest over the coming days and weeks.
Lire la suite »
US Dollar Forecast: US PCE to Guide Markets; EUR/USD, GBP/USD, USD/JPY SetupsThis article explores the technical outlook for three major U.S. dollar pairs: EUR/USD, GBP/USD, and USD/JPY. In the piece, we also discuss potential market scenarios ahead of key U.S. PCE data.
Lire la suite »
Gold Price Forecast: Confluence Resistance Stifles Bulls, Focus Shifts to US PCEThis article evaluates the short-term outlook for gold prices, examining various scenarios that may unfold later in the week following the release of U.S. core PCE data.
Lire la suite »