Live Coverage: Markets anxiously await core PCE, Gold, stocks and currencies set to shake
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UNLOCK OFFERAfter strong US growth data only partially soothed downturn fears, core PCE is on the radar. The Federal Reserve's preferred inflation gauge is set to fall – but not quickly enough to provide the relief of lower rates. Live coverage.
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Why Core PCE shakes markets
The core Personal Consumption Expenditures Price Index (core PCE) is the preferred gauge of inflation for the Federal Reserve (Fed) – the world's most powerful central bank. It excludes volatile energy and food prices, which are set on global markets and have a limited impact by interest rates.
US GDP came out better than expected at 2.8% annualized growth in Q2, far above 2% expected. However, it also included an upgraded core PCE component – which caused market participants to fear higher inflation in the core PCE release for June.
The Fed holds its rate meeting on July 31, and no interest rate change is expected. However, investors circle September as the time for the bank to cut interest rates.
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After strong US growth data only partially soothed downturn fears, core PCE is on the radar. The Federal Reserve's preferred inflation gauge is set to fall – but not quickly enough to provide the relief of lower rates. Live coverage.
Join FXStreet Premium to ask our analysts questions live, read exclusive, actionable analysis, and get Gold and signal alerts.
Why Core PCE shakes markets
The core Personal Consumption Expenditures Price Index (core PCE) is the preferred gauge of inflation for the Federal Reserve (Fed) – the world's most powerful central bank. It excludes volatile energy and food prices, which are set on global markets and have a limited impact by interest rates.
US GDP came out better than expected at 2.8% annualized growth in Q2, far above 2% expected. However, it also included an upgraded core PCE component – which caused market participants to fear higher inflation in the core PCE release for June.
The Fed holds its rate meeting on July 31, and no interest rate change is expected. However, investors circle September as the time for the bank to cut interest rates.
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.
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