OctaFX | OctaFX Forex Broker
Open trading account
Back

US PCE closer to the Fed’s target? – Danske Bank

FXStreet (Edinburgh) - Today’s US inflation figures tracked by the PCE will be the main event in the American economy, remarked Flemming Nielsen, Senior Analyst at Danske Bank.

Key Quotes

“In the US focus is also on inflation as the release of the PCE figures will provide us with more information about when inflation will reach the 2% Fed target”.

“Core and headline inflation are expected to come out at 1.5% y/y and 1.7% y/y, respectively”.

“An increase in food prices is the main reason for the higher headline PCE, while lower energy prices are pulling in the opposite direction”.

“In the US personal spending and Chicago PMI will also be released today”.

USD/JPY bullish above 101.51 – Commerzbank

Axel Rudolph, Senior Technical Analyst at Commerzbank, sees the bid tone to remain in the pair as long as it trades above the 101.51 level....
Read more Previous

Austria Producer Price Index (YoY) fell from previous -0.6 to -0.8 in July

Read more Next
Start livechat