Summary:
The core PCE price index rose 2.8% YoY in January, indicating a shift towards services as the economy rebounds from COVID disruptions.
PCE price index Feb
29/3/2024 (Fri)
Previous: 2.8% Forecast: 2.8%
Core PCE price index increased 2.8% in January from a year earlier, reflected an ongoing shift to services over goods as the economy normalises from the Covid pandemic disruptions.
Both the headline and core measures remain ahead of the Fed’s goal for 2% annual inflation, even though the core reading on an annual basis was the lowest since Feb 2021.
Officials have said in recent days that they expect to begin reversing the increases at some point this year. However, the timing and extent of the policy easing is uncertain due to robust price growth.
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.
Thursday marked the week's final settlement before Easter, with light trading. Brent and WTI rose about 5%, their first weekly gain in 3 weeks.
2025-04-18
Gold dipped from its high on Thursday but stayed firm as US stocks fell again after Trump ordered a probe, sparking new global trade war concerns.
2025-04-17
China's first-quarter GDP exceeded expectations, but US tariffs could pose a significant risk, and a reversal in exports is expected.
2025-04-16
