The Fed’s preferred inflation gauge, the Core Personal Consumption Expenditure (PCE), will be released by the US Bureau of Economic Analysis (BEA) on Friday, June 28 at 12:30 GMT and as we get closer to the release time, here are the forecasts of economists and researchers of seven major banks.
The Fed ’s preferred inflation gauge, the Core Personal Consumption Expenditure , will be released by the US Bureau of Economic Analysis on Friday, June 28 at 12:30 GMT and as we get closer to the release time, here are the forecasts of economists and researchers of seven major banks. The US Core PCE inflation is expected to grow at a slower pace of 0.1% against 0.2% in April month-on-month. Annually, the underlying inflation is projected to decelerate to 2.6% from 2.8% in April.
The release in the week ahead of the latest US PCE report is expected to provide confirmation that the core deflator increased by only +0.1%M/M in May which alongside leading indicators pointing towards a further softening of US labour demand is encouraging US rate market participants to price back in multiple Fed rate cuts in the 2H of this year. ING May PCE figures are released this Friday. If the US May core PCE on Friday does come in at the consensus 0.
Unitedstates Inflation Fed Banks
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.
Major growth stocks falter as week comes to an end, PCE shows falling monthly core inflationA number of premier tech stocks have cascaded lower late this week, providing the NASDAQ index with reason to power down.
Lire la suite »
AUD/USD edges higher to 0.6660 as US Dollar eases ahead of US core PCE InflationThe AUD/USD pair is slightly higher at 0.6660 in Thursday’s European session.
Lire la suite »
Pound Sterling exhibits caution ahead of US core PCE InflationThe Pound Sterling (GBP) finds a cushion above the round-level support of 1.2600 against the US Dollar (USD) in Thursday’s London session.
Lire la suite »
EUR/USD slides below 1.0700 amid uncertainty ahead of US core PCE inflationEUR/USD declines below the round-level support of 1.0700 in Wednesday’s European session.
Lire la suite »
Pound Sterling pauses around 1.2700 against USD ahead of US core PCE inflationThe Pound Sterling (GBP) exhibits a lackluster performance against the US Dollar (USD) in Wednesday’s London session.
Lire la suite »
DXY: Remains vulnerable ahead of core PCE on FridayThe US Dollar (USD) slipped overnight on somewhat less hawkish Federal Reserve (Fed) rhetoric, Rates Strategist Frances Cheung and FX Strategist Christopher Wong from OCBC note.
Lire la suite »