PCE, Inflation and US Feb
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Fox Business |
Federal Reserve Chairman Jerome Powell explains how policymakers will work to determine whether tariffs are contributing to what is already persistent inflation.
Reuters |
The Personal Consumption Expenditures (PCE) price index increased 0.3% in February after advancing by an unrevised 0.3% in January, the U.S. Commerce Department said on Friday.
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The actual figure for the Core PCE Price Index came in at 0.4%, outperforming the forecasted figure of 0.3%. This uptick in the index is a positive sign for the USD as it signifies an increase in purchasing trends and inflation, two key factors that strengthen a currency.
The USD/CHF pair ticks higher to near 0.8830 but trades inside Thursday’s trading range in Friday’s North American session ahead of the United States (US) Personal Consumption Expenditure Price Index (PCE) data for February, which will be published at 12:30 GMT.
PCE inflation rises 2.5% year-on-year in January, meeting estimates By Investing.com - Feb 28, 2025 10 Investing.com - U.S. inflation matched the prior month's pace and slowed on an annualized ...
Investors await the Core PCE Index, the Fed's preferred inflation measure, for insights on future interest rate decisions. US GDP grew by 2.3% in Q4, matching expectations, but rising jobless ...
U.S. consumer spending rebounded less than expected in February while a measure of underlying prices increased by the most in 13 months, stoking fears the economy was facing a period of tepid growth and high inflation amid an escalation in trade tensions.
USD/JPY attracts some sellers in the vicinity of the monthly peak after stronger Tokyo CPI. Rising trade tensions weigh on investors’ sentiment and drive safe-haven flows towards JPY. A modest USD uptick fails to lend support as traders look to the US PCE for fresh impetus.
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Barchart on MSNDollar Declines and Gold Jumps to a Record High on US Auto TariffsThe dollar was under pressure Thursday due to President Trump’s announcement Wednesday evening of 25% tariffs on US auto imports, which may undercut US economic growth. The dollar also fell on Thursday’s dovish economic news,
while core inflation posted a rare contraction, reinforcing hopes that cost pressures may be easing despite lingering concerns over trade tariffs. The Producer Price Index (PPI) remained flat on a monthly basis in February, a sharp deceleration from ...