-
USA - Core PCE Inflation 2.9% y/y (Forecast: 2.9% y/y; Previous: 2.8% y/y)
-
USA - Monthly Core PCE Inflation 0.3% m/m (Forecast: 0.3% m/m; Previous: 0.3% m/m)
-
USA - PCE Inflation 2.6% y/y (Forecast: 2.6% y/y; Previous: 2.6% y/y)
-
USA - Monthly PCE Inflation 0.3% m/m (Forecast: 0.3% m/m; Previous: 0.3% m/m)
- Personal Income 0.4%, Exp. 0.4%
- Personal Spending 0.5%, Exp. 0.5%
The EURUSD pair is not reacting excessively to today's reading, as the data, which was in line with expectations, had already been priced in by the market and does not significantly affect the outlook for Fed interest rates.
The swap market continues to price in a 25bp rate cut in September at around 85% (similar to before the reading).
Source: CME
Daily summary: Silver plunges 9% 🚨Indices, crypto and precious metals under pressure
US100 loses 1.5% 📉
🚨Gold slumps 3% amid markets preparing for Chinese Lunar Year pause
Cocoa falls 2.5% to the lowest level since October 2023 📉
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.
