Gold price consolidates below record high as traders await US PCE Price Index – FXStreet
Gold prices hit new highs on Thursday on the back of dovish expectations from the Federal Reserve. Amid a risk-on mood and overbought conditions, modest gains in the US dollar are capping gains. Traders are now looking forward to the US PCE price index before betting on the direction. Gold prices (XAU/USD) fell during Asian […]
Gold News: Could Upcoming PCE Inflation Data Push Gold to New Highs? – FX Empire
Fed rate cuts fuel gold price gains The Fed's aggressive 50 basis point interest rate cut has reignited bullish sentiment towards gold. Traders had largely expected a 25 basis point cut, but a larger cut has changed expectations and reignited demand for safe haven assets. Moreover, the market is now expecting a further rate cut […]
US Dollar (DXY) Index News: Greenback Slips as PCE Data Sparks Rate Cut Hopes – FX Empire
PCE report meets expectations The Federal Reserve’s (Fed) favorite inflation measure, the PCE price index, rose 0.1% month-on-month and 2.5% year-on-year in June, in line with consensus expectations. Core PCE, which excludes food and energy, rose 0.2% month-on-month and 2.6% year-on-year, also in line with expectations. These figures suggest that inflation is gradually declining but […]
Dow Jones Today: Stock Futures Higher as PCE Shows Inflation Cooling – Investopedia
Stocks rose in early trading on Friday after a Federal Reserve-backed inflation gauge showed price pressures easing in May, strengthening Wall Street’s expectations for at least one interest rate cut later this year. The Nasdaq Composite rose 0.5%, the S&P 500 rose 0.4% and the Dow Jones Industrial Average added 0.2%. The personal consumption expenditures […]
Asia FX muted as dollar firms before PCE data; yen on intervention watch By Investing.com – Investing.com
Investing.com — Most Asian currencies traded in narrow ranges on Friday as the dollar hovered near a two-month high ahead of the release of a key inflation reading that is likely to influence the Federal Reserve’s interest rate outlook. The dollar’s strength pushed the Japanese yen further below the level at which traders had initially […]
US Dollar Index climbs to fresh two-month top ahead of the key US PCE data – FXStreet
DXY regained positive momentum amid some repositioning ahead of the US PCE Price Index release. Recent hawkish comments from Federal Reserve officials support one rate cut this year. Therefore, any significant inflation data will play a key role in moving the US Dollar in the near term. The US Dollar (USD) rose to a two-month […]
US Dollar recovers terrain, eyes on PCE – FXStreet
The US Dollar began Tuesday with a strong rebound. Fed officials are remaining cautious given mixed economic data. May’s PCE figures will be released on Friday and will be the highlight of the week. On Tuesday, the US Dollar, as measured by the Dollar Index (DXY), started the week weakly but has since strengthened to […]
Fed’s Wait-and-See on Rate Cuts Further Supported by Extra-Hot “Core Services” PCE Inflation & Hot “Core” PCE Inflation
Housing inflation refuses to cool for the eighth month, and five of the remaining seven core services accelerated further. This is not good. The core PCE price index, which excludes the volatile components of food and energy and is the inflation index the Fed is focused on, jumped by 3.9% annualized in March from February, […]
US Dollar Forecast: Markets Await US GDP & Core PCE – EUR/USD, USD/JPY, GBP/USD – DailyFX
Most read: Decoding Fedspeak: How Central Bank Comments Move Markets – Gold and the US Dollar The US dollar, as measured by the DXD index, earlier rose to a multi-month high, boosted by growing evidence that the Fed may wait a little longer before tapering policy restraints. A tight labor market and persistent inflation have […]
PCE inflation rises for the first time since September
Personal consumption expenditures price index inflation, one of the Federal Reserve‘s preferred gauges of price instability, has risen for the first time since September of last year, another damning contradiction of the White House’s assertion that President Joe Biden has tamed the worst inflationary crisis in 40 years. Headline PCE inflation rose by 2.5% in […]