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PCE report highlights Friday's US economic calendar

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

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