US personal income rose 0.3% mom or USD 75.1B in July, above expectation of 0.2% mom. Spending rose 0.5% mom or USD 103.8b, matched expectations. PCE price index rose 0.2% mom, while core PCE (excluding food and energy)rose 0.2% mom, both matched expectations. Prices for goods decreased by less than -0.1% and prices for services […]
The post US PCE core unchanged at 2.6% yoy, vs exp 2.7% yoy appeared first on Action Forex.
Canada’s inflation report for October will be in the spotlight on Tuesday after falling below the Bank of Canada’s 2% target for the first time since 2021 in September. Headline inflation likely edged back to Read more…
Almighty dollar awaits PMIs for more signs of Fed cut delays Eurozone PMIs also on tap amid speculation of bigger cut by ECB Pound could benefit from data pointing to rebound in inflation Canadian and Read more…
Asian stocks were mixed today, influenced by weak Chinese data and uncertainty around US Federal Reserve policies. Fed Chair Jerome Powell’s cautious stance on cutting interest rates and stronger-than-expected US inflation data have reduced expectations Read more…