It has long been said that the Fed’s favorite measure of inflation is Core PCE. But has that changed? The Fed raised rates by 75bps at its June meeting. Expectations were only for a 50bps hike. That is, until the Fed leaked the news to the WSJ that it was going to hike 75bps just […]
The post Core PCE: Still the Fed’s Favorite Measure of Inflation? appeared first on Action Forex.
Yesterday offered a moment of relief for some investors amid the Trump euphoria sweeping through the markets. The nomination of Scott Bessent for Treasury Secretary resonated well across investment communities as the man – who Read more…
In focus today Tonight, FOMC will publish minutes from its November meeting. Markets remain divided over whether the Fed will continue cutting rates in December, so any clues about the most likely policy rate path Read more…
Daily Pivots: (S1) 1.0453; (P) 1.0492; (R1) 1.0534; More… Range trading continues in EUR/USD and intraday bias remains neutral. More consolidations could be seen above 1.0330 temporary low but further decline is expected as long Read more…