Subscribe To
US dollar stumbles after PCE, gold nears $2000
US February core PCE inflation ran at 4.6%, which is a tad lower than the economists' consensus of 4.7% and a sign of easing inflation pressures. For more of the past two years, inflation numbers have overshot estimates, catching the Federal Reserve offguard. Now the numbers are fading as improved supply chains and higher interest rates throttle pricing.
The month-over-month increase in headline and core inflation was 0.3%, which is still above target in annualized terms but were both c... Read More
Posted: Mar 31 2023, 12:45
Author Name: forexlive
Views: 111437
