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Pce Report

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finance5 months ago

Key Economic Events This Week: Fed, Tech Earnings, and Market Outlook

The markets have rallied significantly since June, driven by strong earnings reports from major tech companies like Tesla, Alphabet, Meta, Apple, and Amazon. Investors are awaiting key economic data and the Federal Reserve's upcoming meeting, with expectations of a dovish stance and potential rate cuts. A new seasonality-based investment strategy has been introduced to capitalize on optimal trading periods. Overall, optimism remains despite seasonal challenges.

via InvestorPlace|
#earnings-season#finance#fomc-meeting
finance1 year ago

"US Inflation Rises 2.8% Annually, Bullish Stocks Narrative Intact"

The February core PCE inflation report confirms that inflationary pressures are building, with durable goods prices rising for two months and service inflation likely to stay elevated due to a strong labor market. This suggests that the January inflation spike is not just a temporary issue. As a result, the Fed is unlikely to cut interest rates in June, and the stock market could experience a significant correction if the March CPI report confirms the building inflationary pressures.

via Seeking Alpha|
#federal-reserve#finance#inflation
finance1 year ago

"Powell Expects Cooling US Inflation, Advises Against Rushing to Cut Rates"

Federal Reserve Chair Jerome Powell stated that he does not anticipate interest rates to return to the extremely low levels seen during the financial crisis. This comes after the release of the personal consumption expenditures price index, the Fed's preferred inflation measure, which showed a rise. Powell also mentioned that there were no surprises in the data and that inflation risks are not currently elevated.

via MarketWatch|
#federal-reserve#finance#inflation
finance1 year ago

"US Dollar Slips in Thin Trade Following PCE Data"

The US dollar dipped after the PCE report, with the month-over-month core PCE reading closer to +0.2% than +0.4%. Despite a prior revision, the year-over-year reading captured core inflation at +2.5%. The dollar fell 15-20 pips across the board, possibly due to the lower unrounded number, relief over inflation not being higher, or holiday market randomness. USD/JPY also fell, potentially reflecting concerns about intervention from the Japanese ministry of finance. Holiday trading continues with upcoming speeches from Fed's Daly and Fed Chair Powell.

via ForexLive|
#finance#fx-market#holiday-trading
financeeconomy1 year ago

"US Dollar Slips as Traders Take Profit Amid Falling Core Inflation and Risk-Off Sentiment"

The US dollar dipped as the market focused on falling core inflation indicated by the latest PCE report, which showed strong spending numbers but a decrease in core and headline inflation. The Federal Reserve's attention is on the shorter-term inflation numbers, which fell to 1.9% and 1.5% for 6-month and 3-month annualized rates, respectively. This raises questions about potential rate cuts despite a solid economy, with the possibility of recalibrating rates from 5.50% back into the 4% range to allow room for future cuts if needed. The market is currently lightly selling the US dollar as yields return to pre-PCE levels, while S&P 500 futures remain flat.

via ForexLive|
#federal-reserve#financeeconomy#inflation