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26.08.26 - 17:12
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Modest Inflation, Soft Spending Support Fed Hold (Bloomberg)
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July's personal income and outlays report indicates the underlying pace of inflation increased relatively modestly.
Real spending also came in soft. The weakness was exaggerated by temporary factors such as the earlier-than-usual Amazon Prime Day, but the concentration of spending in essentials suggests the underlying pace of spending has decelerated.
Michael Ball, Macro Strategist with Bloomberg News, reacts to the PCE data. (Source: Bloomberg)...
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26.08.26 - 16:54
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Gold Dims As Inflation Stays Sticky (AFX)
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WASHINGTON (dpa-AFX) - Prices of the yellow metal declined amidst a fresh set of PCE data from the U.S. that revealed sticky inflation, raising concerns about the Fed's likely actions to combat th......
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26.08.26 - 16:45
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Fed′s Favorite Inflation Indicator Ticks Up In July As Americans Suddenly Start Saving More (ZeroHedge)
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Fed's Favorite Inflation Indicator Ticks Up In July As Americans Suddenly Start Saving More
Following the CPI and PPI internals, this morning's PCE data should not offer too many surprises with expectations for the headline price Index to rise just 0.1% MoM in July (after deflating for the first time since COVID in June).
The (old) Fed's favorite inflation indicator - Core PCE (a measure of price changes in consumer goods and services that excludes volatile food and energy costs) - printed in line with expectations (+0.2% MoM and +3.3% YoY), a very slight uptick...
Services costs continue to dominate the inflationary picture...
The headline PCE rose 0.2% MoM (hotter than the +0.1% MoM expected) with a small uptick for the YoY at +3.7%...
Non-durable goods prices continued to deflate in July...
The much-watched SuperCore PCE (Services ex-shelter) saw price inflation slow on a YoY basis...
The decline in crude prices dragged the Energy component of PCE lower...
Ironically, while semiconductor...
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26.08.26 - 15:12
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Australian Dollar Rises On Stronger CPI Data (AFX)
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CANBERA (dpa-AFX) - The Australian dollar strengthened against other major currencies in the Asian session on Wednesday, following the release of Australia's consumer prices data in July. Data fro......
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