Summary:
In March, the US core PCE price index remained at 2.8% year-on-year, showing solid consumer spending amid ongoing pressure.
PCE Price Index April
31/5/2024 (Fri)
Previous: 2.8% Forecast: 2.8%
Core PCE price index in the US increased 2.8% from a year ago in March, the same as in February, showing that price pressures remain elevated due to robust consumer spending.
On a 12-month basis, services prices are up 4% while goods have barely moved. Rents have remained sticky even as the supply of flats increased and independent measures showed a decline in demands.
With inflation still percolating two years after it soared to the highest level in more than 40 years, the Fed are watching the data even more intently to contemplate the next moves for monetary policy.
Disclaimer: This material is for general information purposes only and is not intended as (and should not be considered to be) financial, investment or other advice on which reliance should be placed. No opinion given in the material constitutes a recommendation by EBC or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person.
USD/CHF hits 14-year lows as dollar weakness persists; soft US data and Swiss franc strength drive the pair below the key 0.8000 level.
2025-07-01
KOSPI rises 0.58% to 3,089.65 as Asian markets show mixed signals. Hong Kong's Hang Seng falls 0.87% while India's manufacturing hits 14-month high.
2025-07-01
Sterling hovers near a 4-year high amid trade hopes and fiscal concerns, though economic signals suggest a possible pullback.
2025-07-01
