- US, data pack for April.
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Core PCE. Actual: 4,7% YoY. Expected: 4.6% YoY. Previous: 4.6% YoY
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Personal income.Actual: 0,4% MoM. Expected: 0.4% MoM. Previous: 0.3% MoM
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Personal spending.Actual: 0,8% MoM. Expected: 0.3% MoM. Previous: 0.0% MoM
- US, durable goods orders for April
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Headline. Actual: 1,1% MoM. Expected: -1.0% MoM. Previous: +2.8% MoM
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Ex-transportation. Actual: -0,2% MoM. Expected: 0.0% MoM. Previous: 0.2% MoM
The US dollar strengthened after the release of the data, putting pressure on EURUSD. The upward surprise in PCE inflation strongly supports further interest rate hikes. Personal income met expectations, while personal spending by Americans surprised with an increase, indicating that there is still strong demand in the economy, which may make it challenging for the Federal Reserve to bring inflation down to its 2% target. Source: xStation 5
BREAKING: Eurozone trade balance mixed 💶
Economic calendar: US Philly Fed and central bankers speeches in focus
BREAKING: UK manufacturing data slightly stronger than expected; GDP lags slightly
Morning wrap (16.10.2025)