01:30 PM GMT, United States - Inflation Data for September:
- PCE price index: actual 0.2% MoM; forecast 0.2% MoM; previous 0.1% MoM;
- PCE Price index: actual 2.1% YoY; forecast 2.1% YoY; previous 2.2% YoY;
- Core PCE Price Index: actual 0.3% MoM; forecast 0.26% MoM; previous 0.1% MoM;
- Core PCE Price Index: actual 2.7% YoY; forecast 2.6% YoY; previous 2.7% YoY;
- Personal Income: actual 0.3% MoM; forecast 0.3% MoM; previous 0.2% MoM;
- Personal Spending: actual 0.5% MoM; forecast 0.4% MoM; previous 0.2% MoM;
- Real Personal Consumption: actual 0.4% MoM; previous 0.1% MoM;

In September 2024, U.S. PCE inflation data showed mixed signals, with the headline PCE price index rising 0.2% MoM as expected, while the core PCE increased by 0.3% MoM, slightly above the forecast of 0.26%. The year-over-year headline PCE moderated to 2.1% from 2.2%, while core PCE remained steady at 2.7%, above the projected 2.6%. Personal income grew in line with expectations at 0.3% MoM, while personal spending showed stronger momentum at 0.5% MoM, exceeding the forecast of 0.4%. Real personal consumption demonstrated robust growth at 0.4% MoM, a significant improvement from the previous 0.1%.
Start investing today or test a free demo
Create account Try a demo Download mobile app Download mobile appThe higher-than-expected core PCE reading and strong consumer spending might raise concerns about persistent inflation pressures, potentially complicating the Fed's path to rate cuts. However, the moderating headline year-over-year figure provides some relief. Markets will closely monitor upcoming employment data and inflation trends for further clarity on the Fed's policy trajectory. The combination of robust spending and sticky core inflation could lead to a more cautious approach in the Fed's rate cut considerations.
EURUSD showed 0.1% move upward after the US jobless claims and PCE data. Source: xStation

The content of this report has been created by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, (KRS number 0000217580) and supervised by Polish Supervision Authority ( No. DDM-M-4021-57-1/2005). This material is a marketing communication within the meaning of Art. 24 (3) of Directive 2014/65/EU of the European Parliament and of the Council of 15 May 2014 on markets in financial instruments and amending Directive 2002/92/EC and Directive 2011/61/EU (MiFID II). Marketing communication is not an investment recommendation or information recommending or suggesting an investment strategy within the meaning of Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (market abuse regulation) and repealing Directive 2003/6/EC of the European Parliament and of the Council and Commission Directives 2003/124/EC, 2003/125/EC and 2004/72/EC and Commission Delegated Regulation (EU) 2016/958 of 9 March 2016 supplementing Regulation (EU) No 596/2014 of the European Parliament and of the Council with regard to regulatory technical standards for the technical arrangements for objective presentation of investment recommendations or other information recommending or suggesting an investment strategy and for disclosure of particular interests or indications of conflicts of interest or any other advice, including in the area of investment advisory, within the meaning of the Trading in Financial Instruments Act of 29 July 2005 (i.e. Journal of Laws 2019, item 875, as amended). The marketing communication is prepared with the highest diligence, objectivity, presents the facts known to the author on the date of preparation and is devoid of any evaluation elements. The marketing communication is prepared without considering the client’s needs, his individual financial situation and does not present any investment strategy in any way. The marketing communication does not constitute an offer of sale, offering, subscription, invitation to purchase, advertisement or promotion of any financial instruments. XTB S.A. is not liable for any client’s actions or omissions, in particular for the acquisition or disposal of financial instruments, undertaken on the basis of the information contained in this marketing communication. In the event that the marketing communication contains any information about any results regarding the financial instruments indicated therein, these do not constitute any guarantee or forecast regarding the future results.