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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”.

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