01:30 PM GMT, United States - Inflation Data for June:
- Real Personal Consumption: actual 0.2% MoM; previous 0.4% MoM;
- Personal Income: actual 0.2% MoM; forecast 0.4% MoM; previous 0.4% MoM;
- PCE Price index: actual 2.5% YoY; forecast 2.5% YoY; previous 2.6% YoY;
- PCE price index: actual 0.1% MoM; forecast 0.1% MoM; previous 0.0% MoM;
- Core PCE Price Index: actual 0.2% MoM; forecast 0.2% MoM; previous 0.1% MoM;
- Core PCE Price Index: actual 2.6% YoY; forecast 2.5% YoY; previous 2.6% YoY;
In June, U.S. personal income rose, driven by increased compensation and transfer receipts, while disposable income also saw growth. Consumer spending climbed, particularly in services such as international travel and housing, though it was partially offset by declines in motor vehicle and gasoline expenditures. The overall price index saw a modest increase, with food prices slightly up and energy prices down. Over the past year, the PCE price index rose 2.5%, reflecting stable but modest inflation, which is relatively favorable for the Fed.
Fed Chair Kevin Warsh’s Q&A from Congress Testimony: Inflation stability is a key
Dollar sells-off following first US price drop in six years
Warsh's Address to Congress: Zero Tolerance for Inflation, But No Change in Interest Rates?
BREAKING: US CPI data much lower than expected 📈 EURUSD gains
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.
