Market updates and forecasts

Get the latest economic news from ForexMart, including updates on the financial market, central banks' policy announcements, financial indicators, and other relevant news which can have an impact on the industry.

Disclaimer:  Information provided here to retail and professional clients does not contain and should not be construed as containing investment advice or an investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance.

PCE inflation in the USA has slowed down more than expected


September, 27 2024
watermark Economic news

According to the official report, the index of personal consumption expenditures (PCE) in the United States rose weaker than expected in August, which confirmed the downward trend in inflation. 


On a monthly basis, the PCE index increased by 0.1%, while analysts had forecast an increase of 0.2%. On an annualized basis, the index was 2.2%, which also turned out to be lower than forecasts (2.3%) and the previous value (2.5%).


The core PCE index, which excludes volatile components such as food and energy, showed an increase of 2.7% year-on-year, which coincided with analysts' expectations. In July, the benchmark index was at 2.6%.


Against the background of these data, the US dollar reacted with a slight decline. The USD index dropped from 100.55 to 100.40, down 0.1%.


Earlier this week, it became known that the US economy grew by 3% in the second quarter, which is significantly higher than the 1.4% growth in the first quarter. These data underline the stability of the economy against the background of fading inflationary pressures.


Feedback

ForexMart is authorized and regulated in various jurisdictions.

(Reg No.23071, IBC 2015) with a registered office at Shamrock Lodge, Murray Road, Kingstown, Saint Vincent and the Grenadines

Restricted Regions: the United States of America, North Korea, Sudan, Syria and some other regions.


© 2015-2024 Tradomart SV Ltd.
Top Top
Risk Warning:
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.