US core PCE price index, Fed’s preferred inflation gauge, came in flat on a monthly basis in March, undershooting expectations of 0.1% mom rise. Headline PCE index was also flat, matched expectations. On a year-over-year basis, core PCE inflation eased from 3.0% to 2.6%, offering some reassurance that underlying price pressures are gradually moderating. Headline […]
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Key Highlights EUR/USD corrected some gains from the 1.1500 resistance zone. A connecting bullish trend line is forming with support at 1.1330 on the 4-hour chart. GBP/USD tested the 1.3600 resistance and corrected some gains. Read more…
There are several economic reports worth looking at this week, but pay closer attention to two economic events. One will come from London. The other comes Friday from Michigan. 🔥Get $100 off TheStreet Pro — our Read more…
China’s headline CPI stayed in negative territory for the fourth consecutive month in May, coming in at -0.1% yoy, slightly better than the expected -0.2% yoy. The persistent softness in overall inflation was largely driven Read more…