US Core PCE Price Index m/m

Forecasts for the February Personal Consumption Expenditures Price Index show inflation staying above the Federal Reserve’s target, even as the inflationary impact of President Donald Trump’s trade wars have yet to be felt. Economists expect PCE inflation to read at 0.3% in February, the same as in January, according to consensus estimates from FactSet. Year over year, the number is expected to be 2.5%—also the same as in January. Core PCE inflation (which excludes food and fuel prices) is predicted to have risen 0.3% month over ...

The week is starting off with a positive bias across risk assets. The dollar is broadly softer along with the underperforming yen and CHF. An exception is the Turkish lira that is weakening after Erdogan jailed his main rival. Stocks are broadly higher and led by US equity futures that are around 1%+ higher with TSX futures not far behind while Europe underperforms. US Treasury and Canadian yields are gently higher ahead of US PMIs later this morning while gilts are outperforming other global benchmarks a touch. The reasons are ...

Another week has come and gone. The US Federal Reserve (Fed), the Bank of England (BoE), and the Bank of Japan (BoJ) all left their respective policy rates unchanged. The Fed underlined increased economic uncertainty (most central banks emphasised similar concerns), with growth (inflation) forecasts revised lower (higher). The BoE’s meeting was a bit of a snoozer, though the vote split echoed assumed more of a hawkish vibe – hence the immediate (albeit short-lived) rally in the British pound (GBP), and the BoJ hinted at further ...

The Federal Reserve could restart cuts to short-term borrowing rates in June and follow up with another reduction in September, traders bet on Friday, after data showed inflation edged down in January in line with expectations. The 12-month change in the personal consumption expenditures price index, which the Fed targets at 2%, ticked down to 2.5% last month from 2.6% in December, and the core PCE measure fell to 2.6% from 2.9%, the Commerce Department’s Bureau of Economic Analysis showed. The same report also showed consumer ...

Inflation in the Federal Reserve’s preferred price gauge eased in January after making steady increases throughout the fall. The personal consumption expenditures (PCE) price index increased by 0.3 percent in January, easing to a 2.5-percent annual increase from 2.6 percent in December. The moves were in line with economists’ expectations. “This is about the only inflation indicator this month where the Fed can find some refuge,” Olu Sonola, economist with Fitch Ratings, wrote in an analysis. Concerns about resurgent inflation have ...

The United States (US) Bureau of Economic Analysis (BEA) is set to release the Personal Consumption Expenditures (PCE) Price Index data for January on Friday at 13:30 GMT. This index is the Federal Reserve’s (Fed) preferred measure of inflation. Although PCE inflation data is usually seen as a big market mover, it might be difficult to assess its impact on the US Dollar’s (USD) valuation this time. Markets see virtually no chance of a Fed interest rate cut in March, and investors have been more interested in headlines surrounding US ...

The Federal Reserve’s preferred inflation metric is expected to cool to the slowest pace since June, but glacial progress on taming price pressures overall will keep policymakers cautious about lowering interest rates further. The core personal consumption expenditures price index — which excludes often-volatile food and energy costs — probably rose 2.6% in the year through January in Commerce Department data due on Friday. Overall PCE inflation likely eased on an annual basis as well, according to the median estimate in a Bloomberg ...