Live Coverage: Core PCE and Personal Spending test the US consumer and shaky markets
Premium|
Take advantage of 75% OFF on your first month.
Only $9.99 on your first month! And access to all our articles and insights.
You have reached your limit of 5 free articles for this month.
Take advantage of the Special Price just for today!
Only $9.99 on your first month! And access to all our articles and insights.
UNLOCK OFFERStagflation? A scenario of rising prices and weak consumption keeps investors up at night. Core PCE and Personal Spending data provide an explosive end to February.
Join FXStreet Premium to ask our analysts questions live, read exclusive, actionable analysis, and get Gold and signal alerts.
Why these figures matter
The Federal Reserve (Fed) aims for 2% inflation – and its measure is the core Personal Consumption Expenditure (core PCE). While it is published after the Consumer Price Index (CPI) report, this seemingly lagging indicator matters – because the Fed says it does.
Core PCE is set to remain above the 2% YoY level, and any upside surprise may trigger worries of higher interest rates.
This time, Personal Spending will have its say. Similar to core PCE, it is a late look at consumption – but this time, it is of higher importance after the earlier Retail Sales report for January showed a substantial decline. Moreover, two consumer sentiment surveys declined sharply.
With end-of-month flows in the mix, volatility could explode.
Live financial market coverage
FXStreet covers major economic releases in a live blog format, to provide readers an instant verdict of the data, rapid analysis of key assets, and, for Premium members, the ability to ask our experts questions in real time.
FXStreet Premium
FXStreet Premium provides subscribers access to analysts, exclusive actionable analysis, signals, Ed Ponsi's webinars, trade plans, and a bullish/bearish indicator for Gold on critical events. Join FXStreet Premium here.
Stagflation? A scenario of rising prices and weak consumption keeps investors up at night. Core PCE and Personal Spending data provide an explosive end to February.
Join FXStreet Premium to ask our analysts questions live, read exclusive, actionable analysis, and get Gold and signal alerts.
Why these figures matter
The Federal Reserve (Fed) aims for 2% inflation – and its measure is the core Personal Consumption Expenditure (core PCE). While it is published after the Consumer Price Index (CPI) report, this seemingly lagging indicator matters – because the Fed says it does.
Core PCE is set to remain above the 2% YoY level, and any upside surprise may trigger worries of higher interest rates.
This time, Personal Spending will have its say. Similar to core PCE, it is a late look at consumption – but this time, it is of higher importance after the earlier Retail Sales report for January showed a substantial decline. Moreover, two consumer sentiment surveys declined sharply.
With end-of-month flows in the mix, volatility could explode.
Live financial market coverage
FXStreet covers major economic releases in a live blog format, to provide readers an instant verdict of the data, rapid analysis of key assets, and, for Premium members, the ability to ask our experts questions in real time.
FXStreet Premium
FXStreet Premium provides subscribers access to analysts, exclusive actionable analysis, signals, Ed Ponsi's webinars, trade plans, and a bullish/bearish indicator for Gold on critical events. Join FXStreet Premium here.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.