US December PCE core inflation +4.4% vs +4.4% expected
Core PCE data y/y Consumer spending and income for November: Personal income +0.2% vs +0.2% expected. Prior month +0.4% Personal spending -0.2% vs -0.1% expected. Prior month +0.1% Real personal spending -0.3% vs +0.0% prior Under the covers of this report, the Fed might not like seeing services inflation up 0.7% m/m. That’s counteracted by […]
Japanese Yen (USD/JPY) Trapped in a Narrow Range Ahead of US Core PCE
USD/JPY Price, Chart, and Analysis Tokyo’s price pressures remain hot. USD/JPY trapped ahead of important US economic data. Recommended by Nick Cawley Download our brand new Japanese Yen forecast Annual inflation in Japan’s largest city, Tokyo, continues to push higher, with the core rate touching 4.3% in January, the highest level in over four decades. […]
Market Spotlight: Tesla & US Core PCE
Risk Rallies on GDP Beat – PCE Up NextOn the back of better-than-forecast advanced Q4 GDP yesterday, traders are now looking to today’s US core PCE data to provide the final insight ahead of the FOMC next week. Given that the PCE data is the Fed’s preferred gauge of inflation, over CPI, the data is […]
Pound Bid After Core Inflation Beat, 50bps Secured?
POUND STERLING ANALYSIS TALKING POINTS UK CPI revealed sticky inflation in the region bolstering pound bets. BoE likely to stick to 0.5% in February meeting in what would be their 10th consecutive rate hike! Golden cross unfolding in textbook fashion, how long can it last? Recommended by Warren Venketas Get Your Free GBP Forecast GBP […]
CPI Breaking News: US Headline CPI 6.5%, Core at 5.7%
US Inflation Meets Expectations on Both Measures US headline CPI (Dec) 6.5% vs prior 7.1% US core CPI (Dec) 5.7% vs 6% prior Market expectations for a 25 bps hike next month surge from 77% to 95%. S&P shoots higher, USD dips. Recommended by Richard Snow Get Your Free Equities Forecast Customize and filter live […]
Bankrupt Core Scientific Reports Higher BTC Production
Core Scientific, a publicly-listed crypto mining Crypto Mining Cryptocurrency mining is defined as the process through which the transactions of a digital currency are authenticated then published to blockchain. For every crypto transaction conducted, a crypto miner is in charge of authenticating the information which, if approved, is then updated in the blockchain. Currently, the […]
EU Inflation Drops to 9.2% (Core up 0.2% YoY)
EU Inflation (HICP) Prints Another Lower Figure EU headline inflation (estimate) drops from 10.1% to 9.2% YoY Core inflation rises from 5% to 5.2% YoY suggesting widespread price pressures remain Latvia retains the prize for hottest inflation (20.7%) while Spain has the lowest rate (5.6%) Recommended by Richard Snow Find out what our analysts foresee […]