01:30 PM BST, United States - Inflation Data for August:
- PCE price index: actual 0.3% MoM; forecast 0.3% MoM; previous 0.2% MoM;
- PCE Price index: actual 2.7% YoY; forecast 2.7% YoY; previous 2.6% YoY;
- Core PCE Price Index: actual 0.2% MoM; forecast 0.2% MoM; previous 0.2% MoM;
- Core PCE Price Index: actual 2.9% YoY; forecast 2.9% YoY; previous 2.9% YoY;
- Personal Income: actual 0.4% MoM; forecast 0.3% MoM; previous 0.4% MoM;
U.S. households saw steady income gains in August—personal and disposable income both up 0.4%—driven mainly by higher compensation and transfer receipts, while spending accelerated faster (+0.6%), split between services (+$77.2B) and goods (+$52.0B). With outlays rising more than income, the saving rate edged down to 4.6% ($1.06T), implying consumers tapped savings to fund purchases.
Price pressures were moderate: headline PCE +0.3% m/m (+2.7% y/y) and core PCE +0.2% m/m (+2.9% y/y).
Nasdaq Gains 0.6% and Reclaims 29,000 🔼 Strong Results from ON Semiconductor and Palantir
Cocoa Pauses Its Sharp Rally 🚩 Production Concerns in West Africa Return
Chart of the Day: USDJPY After Japan’s Intervention. The Exchange Rate Falls Below 160, but Pressure on the Yen Remains
BP and HSBC in focus, as yen rally takes a break
This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.
