BREAKING: USD drops after PCE data

٤:٣٣ م ٢٦ أبريل ٢٠٢٤

A monthly data pack for March from the United States, including PCE inflation, was released today at 1:30 pm BST. Report was closely watched as PCE is Fed's preferred measure of inflation and the next rate decision of US central bank is scheduled for Wednesday next week. Market was expecting a small acceleration in headline PCE as well as small deceleration in core PCE. Personal income growth was expected to accelerate compared to a month ago, while personal spending growth was expected to slow.

Actual report turned out to be a hawkish surprise, with headline accelerating more than expected and core PCE holding unchanged. However, data matched expectations on a month-over-month basis. Personal income grew 0.5% MoM, in-line with expectations, while personal spending increased 0.8% MoM, more than expected.

إبدأ بالإستثمار اليوم أو تدرّب على حساب تجريبي

إنشاء حساب حساب تجريبي تحميل تطبيق الجوال تحميل تطبيق الجوال

US, data pack for March

  • Headline PCE (annual): 2.7% YoY vs 2.6% YoY expected (2.5% YoY previously)
  • Headline PCE (monthly): 0.3% MoM vs 0.3% MoM expected (0.3% MoM previously)
  • Core PCE (annual): 2.8% YoY vs 2.7% YoY expected (2.8% YoY previously)
  • Core PCE (monthly): 0.3% MoM vs 0.3% MoM expected (0.3% MoM previously)
  • Personal income: 0.5% MoM vs 0.5% MoM expected (0.3% MoM previously)
  • Personal spending: 0.8% MoM vs 0.6% MoM expected (0.8% MoM previously)

In spite of the data being slightly hawkish, US dollar dropped in a knee-jerk move, with EURUSD jumping around 0.2%. However, around half of the move has been erased already. Equity indices, like US500, moved higher.

Source: xStation5

share
back

انضم إلى أكثر من 1.600.000 عملاء مجموعة XTB من جميع أنحاء العالم

الأدوات المالية التي نقدمها، خاصة عقود الفروقات (CFDs)، قد تكون ذات مخاطر عالية. الأسهم الجزئية (FS) هي حق ائتماني مكتسب من XTB ​​في الأجزاء الكسرية من الأسهم وصناديق الاستثمار المتداولة. الأسهم الجزئية ليست أداة مالية منفصلة. هناك حقوق شركات محدودة للأسهم الجزئية.
الخسائر يمكن أن تتجاوز الايداعات