Federal Reserve Board Chairman Jerome Powell Friday, Sept. 23, 2022, in Washington. August PCE … [+] inflation came in relatively hot, which may lead the Fed to contemplate further rate increase...
Tag: PCE
XRP, MKR Outperform Bitcoin Ahead Of Core PCE Data Release
The cryptocurrency market, which had been trading on a bullish note for most of the day, has yet again landed in the red zone. Bitcoin and Ethereum have dropped by 0.25% and 0.52%, respectively, in th...
Core PCE rises to 4.9%; US Jobs report, manufacturing data in next week’s economic calendar
The Bureau of Economic Analysis (BEA) release published today showed that the core personal consumption expenditures price index (PCE) inflation unexpectedly rose to 4.9% Y-o-Y above July’s upward rev...
Bitcoin price gains 3.5% as US PCE data supports shrinking inflation
Bitcoin (BTC) rose rapidly later on Aug. 26 as fresh economic data from the United States furthered hopes of a pivot from the Federal Reserve. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingVi...
Bitcoin and Ethereum Record Gains After PCE Was Released – Coinpedia – Fintech & Cryptocurreny News Media
On August 26, Bitcoin (BTC) surged as recent economic statistics from the United States fueled expectations that the Federal Reserve might change course. The action was a sudden about-face for Bitcoin...
PCE Reveal Sees BTC, ETH Rally, Can The Fed “Full Send” It?
The Personal Consumption Index has just been released. It shows a -0.1% MoM change in personal consumption expenditures. The estimates expected no change in the PCE from last month. Therefore, a decre...
Powell remains hawkish at ’Jackson Hole’ even though PCE eased to 6.3%
U.S. equities are down 2.0% on Friday even after the Bureau of Economic Analysis said the Personal Consumption Expenditures Price Index eased to 6.3% in July. Jerome Powell reacts to the PCE reading V...
PCE price index May: ‘by year-end core inflation will start to moderate’
U.S. equities are down another 1.0% on Thursday even after the Fed’s favourite gauge brought in “some” good news on the inflation front. Mona Mahajan’s view on inflation The co...
2 things that might offset the impact of the Core PCE release later today
Later in the North American session, traders and investors will focus on the Core PCE Price Index. This is the Fed’s favored measure of inflation, and it is forecast to increase by 0.4% m/m in May. In...
U.S. inflation rate slows to 6.3%, Fed-favored PCE gauge shows, in a sign that price pressures could be peaking
The numbers: A key measure of U.S. inflation rose just 0.2% in April to mark the smallest increase in a year and a half, aided by lower gasoline prices. There were additional hints that a surge in U.S...
Retail’s Pending Recession Is Fueled By Inflation With Seeds Of Stagnation
The Cyclone rollercoaster at Coney Island at night. (Photo by: Loop Images/Universal Images Group … [+] via Getty Images) Universal Images Group via Getty Images While everyone awaits the releas...
Gibson’s sector picks as PCE Price Index jumped to a 40-year high
The Commerce Department on Thursday said the headline PCE Price Index climbed to 6.40% in February – its hottest reading since January 1982. The U.S. Fed prefers personal consumption expenditure...
Silver price outlook ahead of the US PCE index
Silver price has bounced off the week’s low while still finding resistance at $25.00. Scepticism over Russia’s claims to scale back and the decline in Treasury yields have supported the precious metal...