PCE inflation stays above target through Nov.
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Dollar plunges as Goldilocks PCE and GDP data trigger risk-on flows. DXY breaks bearish, targeting 97.749 as money rotates from safe-haven to stocks.
The Fed’s preferred inflation gauge, the core PCE price index, rose 2.8% year-over-year in September. The headline index was up 2.8% year-over-year, the highest level since April 2024. The Fed will meet again next wweek,where they are expected to ...
July’s PCE report showed consumers spending resiliently, with inflation matching expectations. But beneath the surface, there was a pullback in spending in discretionary categories—a bad sign when combined with last month’s weak job growth.
Gold surges on safe-haven demand as Trump threatens Europe tariffs over Greenland. PCE data and consumer sentiment reports could extend rally.
Investors will receive government-shutdown-delayed data on consumer spending, incomes and inflation from September at 10 a.m. Eastern on Friday, not 8:30 a.m., as MarketWatch had previously reported. Reports on consumer spending and personal incomes for ...
PCE may be the most relevant inflation report when it comes to assessing progress toward the Fed's 2% target, but it is not the most relevant report to the bond market. The reporting lag is the key issue. Today's report is for the ancient past (August ...