The report follows bad inflation news from Thursday and likely locks the Fed into holding the line on interest rates through at least the summer unless there is some substantial change in the data. The Commerce Department reported Thursday that PCE in the first quarter accelerated at a 3.4...
“This marks the first decline in PCE inflation since September 2024,” trading resource The Kobeissi Letter wrote in part of areaction on X. Kobeissi described both the PCE and core PCE results as “constructive.” “However, since the data was released, interest rate cut expectations are l...
“Mortgage rates are likely to remain high through March. We may see some volatility as markets weigh the implications of the Trump administration’s various economic proposals and policy actions. PCE inflation data could influence rates, especially if it comes in higher-than-expected. Overall, we...
nnoissumaininagnatolegrbodkpienperitdteniwcidrpceaeerasteixcitnn.aieogstnrheeoeotxfupf4nrefna:u0nsttsi0uowernPseeaMrielpnbecEbureaafrssosrttereembddrinadbonTynacimtntehhd.eee.TnFmhaueitdniFodpun.onaiPndllte'bsabesesettwoeffeenr The performance data quoted herein represents past performance and ...
GBP/USD hovers around 1.2600 as US PCE inflation data looms GBP/USD trims losses to trade near 1.2600 in the European session on Friday. Tariff uncertainty from US President Trump weighs on the risk-sensitve Pound against the safe-haven US Dollar, despite prudent BoE commentary...
In December’s release, the Committee expected GDP growth of 1.5% for 2024 with core PCE ending the year at 2.4% YoY. On average, economic readings have surprised to the upside versus expectations after disappointing in Q4. While we believe downside surprises for economic data are possible, ...
The FOMC’s economic projections will be important to watch. In December’s release, the Committee expectedGDPgrowth of 1.5% for 2024 with corePCEending the year at 2.4% YoY. On average, economic readings have surprised to the upside versus expectations after disappointing in Q4. ...
Although the Fed has become cautious about the subsequent path of rate cuts, the general outcome of interest rate decision is still within the market's expectations, and the core PCE increase in December 2024 is also in line with the market's expectations. Moreover, the US Treasury yield ...
Forecasts Elsa Lignos Indicators Official cash rate Trend interest rates (10yr average) Bias in interest rate market Core PCE Inflation %Y/Y Jan (Dec) Inflation target Budget balance % GDP 2024 (2023) Budget balance target % GDP GDP Growth % q/q saar Q4 S (Q3) Trend GDP % Purchasing ...
higher than that. You can have all these weeks where the dollar is leading the way the whole way. We’ve had a couple of those recently in like a week where there’s nothing happening in oil markets but you see a major CPI or PCE print or major unemployment print in the United ...