Have American consumers reached burn out? getty The National Retail Federation has gushed over the resiliency of the U.S. economy and the American consumer ever since retail opened up after the pandem...
Tag: PCE
In 2022, US Consumers Spent An Extra $1 Trillion Due To Increased Prices
Inflation has been highly discussed in the US throughout 2022, with news articles and earnings calls highlighting its impact on consumer spending. As we entered 2023, we asked ourselves, how much more...
January PCE Does Not Warrant More Aggressive Tightening
Depressing economic news is everywhere. getty The recent release of the January PCE (personal consumption expenditures) inflation figures sparked the now all-too-familiar scary inflation headlines. Bu...
PCE Price Index and what to expect from the crypto market in March
PCE Price Index increased by 0.6% in January, up 4.7% compared to a year ago. The red-hot inflation could tip Fed to continue raising rates, impacting the crypto market. Inflation rose in January, wh...
Bitcoin price stays under $24K as PCE data helps US dollar to near 7-week highs
Bitcoin (BTC) stayed lower at the Feb. 24 Wall Street open as United States macroeconomic data showed inflation biting back. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView PCE sparks fres...
U.S. Core PCE Inflation Surges 4.7%, More Interest Rate Hikes Ahead?
Inflation in the United States, as measured by the Personal Consumption Expenditures (PCE) Price Index, increased to 5.4% on a yearly basis in January from 5.3% in December. This comes following the a...
Crypto Market In The Red With News Of Hot US PCE Inflation Data
Crypto News Today: Crypto prices and the US stock futures dropped in response to the news of stronger than expected rise in prices in January 2023. The core personal consumption expenditure (PCE) pric...
Higher Than Expected PCE Numbers Push Bitcoin Down
Month-on-month core Personal Consumption Expenditure rose 0.6% in Jan. 2023, higher than analysts’ 0.4% prediction and December’s 0.3% rise. The latest spending data affirmed earlier fears of a boomin...
Wall Street is now pricing in a terminal rate of 5.25-5.50, after hot PCE data, BTC down over 3%
Quick Take Bitcoin is down -3.31% on Feb. 24 due to a hotter than expected PCE data. Traditional assets are also down on the day, which includes SPX (-0.22%), XAUUSD (-0.75%), and Nasdaq (-2.00%). Wa...
Crypto Market Trading in Red Post U.S Core PCE Increasing to 4.7%
11 seconds ago | 2 mins read Bitcoin News Market participants had expected a figure closer to 4.9%. The Federal Reserve’s favored inflation measure showed a negative reading on Friday. The Personal Co...
Bitcoin holds just under $24k – DXY breaks 105 for the second time this year as PCE comes in hotter than expected
Quick Take Feb. 24 saw an influx of macro data, which includes the PCE index, personal income, and consumer spending. PCE data came in hotter than expected. Headline y/y 5.4% vs. 5% Core y/y 4.7% vs. ...
PCE Data Shakes Up Crypto Markets: Here’s What You Should Know
The release of the Personal Consumption Expenditures (PCE) data on Friday night had a significant impact on the cryptocurrency market, causing a notable decline in prices. The PCE data is well-known ...
Bitcoin Falls 3% As PCE Rises 0.6% in January
Bitcoin (BTC) sank back to $23,000 on Friday shortly after the Personal Consumption Expenditure (PCE) price index registered a 5.4% annual increase, and a 0.6% monthly increase, in January. The higher...
US Futures, Asia Stocks Drop Ahead of PCE Data: Markets Wrap
(Bloomberg) — Contracts for US equities edged lower and stocks in Asia retreated as investors awaited key data for clues on the Federal Reserve’s rate-hike campaign. Most Read from Bloomberg US ...
Dow Jones Futures: Nasdaq Rallies Up To Resistance On Nvidia; All Eyes On PCE Inflation Report
Dow Jones futures edged lower after hours, along with S&P 500 futures and Nasdaq futures. Booking Holdings, MercadoLibre and Square were notable earnings reports late Thursday, while Boeing (BA) h...
The Good News, The Not-So-Good News, And The Bad News
HOUSTON, TEXAS – AUGUST 15: Cartons of eggs are seen for sale in a Kroger grocery store on August … [+] 15, 2022 in Houston, Texas. Egg prices steadily climb in the U.S. as inflation conti...
Inflation rate slows again to 15-month low, PCE shows, as U.S. economy weakens
The numbers: The cost of U.S. goods and services rose a scant 0.1% in December in yet another sign inflation is cooling off, opening the door for the Federal Reserve to stop raising interest rates soo...
The Next PCE Report Lands Today. What It Will Say About Inflation.
The Federal Reserve’s preferred measure of rising prices is set to show that inflation continues to trend downward, supporting the narrative that the central bank could soon ease up in its battle agai...
Inflation Is Slowing Down, PCE Data, the Fed’s Preferred Measure, Shows
Inflation is slowing, but consumers aren’t spending as much as hoped this holiday season, data showed Friday. The core personal-consumption expenditures price index, or PCE deflator, was up 0.2% in No...
BTC price ignores US PCE data at $16.8K as Bitcoin rejects volatility
Bitcoin (BTC) saw a flicker of volatility around the Dec. 23 Wall Street open as the latest United States inflation data came in line with expectations. BTC/USD 1-hour candle chart (Bitstamp). Source:...
PCE lowest since Nov 2021; Core index slips below 5%
The Bureau of Economic Analysis (BEA) released its Personal Income and Outlays report for November 2022, which showed that the PCE Price Index, the inflation gauge most closely tracked by the Fed, ros...
Bitcoin (BTC) Price Awaits for a Larger Move: Will PCE Rates be the Catalysts?
Bitcoin price is trading within a stagnant trend and consolidating below $20K for over a month, failing to breach these levels. Moreover, the volatility has squeezed to its maximum in the past couple ...
US Inflation Gauge PCE Clocks in at 4.7% YoY
The US Personal Consumption Expenditures price index (PCE) increased by 0.1% in November compared to October and by 4.7% compared to a year ago. As the world’s most powerful economy made the announcem...
Will the PCE move the needle?
The EUR/USD exchange rate remained in a tight range in thin trading as investors reacted to the relatively positive American economic data. It was trading at 1.0614, where it has been in the past few ...
Bitcoin Price Poised To Rally Big-Time On PCE Release Today
The Bitcoin price could see a significant uptick today Friday, December 23 at 8:30 am (EST) if the Core Personal Consumption Expenditures Price Index (PCE) comes in better than expected. And the chanc...
Bitcoin Rallies as PCE Price Index Comes in Below Expectations
Bitcoin rose 1.5% as U.S. Core Personal Consumption Expenditure Price Index for Oct. 2022 came in 0.1% lower than analysts’ estimates of 0.3%. The PCE Price Index, which measures changes in consumer s...
High PCE and firm worker compensation point to 75 bps hike
The Bureau of Economic Analysis (BEA) reported that the Fed’s favoured inflation gauge, the headline personal consumption expenditures price index (PCE) was up 0.3% in September (the same as August),...
PCE Inflation September 2022:
Halloween candy is for sale at a Harris Teeter grocery store on October 17, 2022 in Washington, DC. Drew Angerer | Getty Images An economic gauge that the Federal Reserve follows closely showed that i...
‘Mounting fear is that something else will break along the way’: Stock-market investors look ahead to PCE inflation data amid Fed overtightening worries
Some investors are on edge that the Federal Reserve may be overtightening monetary policy in its bid to tame hot inflation, as markets look ahead to a reading this coming week from the Fed’s preferred...
CPI, PPI And PCE – What’s The Difference Between U.S. Inflation Measures?
NEW YORK – AUGUST 14: With the focus on inflation, what do the different measures of Consumer Price … [+] Index (CPI) inflation, Producer Price Index (PPI) inflation and Personal Consumpti...