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PCE report highlights Friday's US economic calendar
Inflation and the consumer are the focus of the Fed and the market at the moment and we get a dose of both in Friday's US PCE report for December.
The consensus is for core PCE inflation to slide to 4.4% y/y from 4.7% in what will be a good sign for the Fed. In monthly terms, however, it's forecast to rise to +0.3% m/m from +0.2%.
Today's US Q4 GDP may have offered a hint as core PCE prices rose 3.9% annualized in the quarter compared to 4.0% expected. However that contrasts with... Read More
Posted: Jan 26 2023, 20:01
Author Name: forexlive
Views: 111589