Live Coverage: US inflation, GDP and jobs figures set to shake markets ahead of Thanksgiving
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CLAIM OFFERWill the Fed cut rates in December? Core PCE, its preferred inflation gauge is coming out, and markets fear it will be too hot. Updated GDP, Durable Goods Orders and Unemployment Claims join the mix ahead of Thanksgiving. Live coverage.
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Big bulk of data
The Federal Reserve (Fed) considers core Personal Consumption Expenditure (core PCE) as the best gauge of underlying price pressures –drawing investors' attention despite its late release. In the upcoming release for October, the fate of the December rate cut lies in the balance. There are doubts that policymakers will proceed with a third consecutive reduction to borrowing costs.
Thursday's Thanksgiving holiday means several release have been brought forward – weekly jobless claims, Durable Goods Orders and an update on Gross Domestic Product (GDP) for the third quarter. That adds to promise of an explosive reaction.
The US Dollar needs strong data to rise, while Gold bulls prefer softer future. Stock bulls need lower inflation but above-expectations data elsewhere.
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Will the Fed cut rates in December? Core PCE, its preferred inflation gauge is coming out, and markets fear it will be too hot. Updated GDP, Durable Goods Orders and Unemployment Claims join the mix ahead of Thanksgiving. Live coverage.
Join FXStreet Premium to ask our analysts questions live, read exclusive, actionable analysis, and get Gold and signal alerts.
Big bulk of data
The Federal Reserve (Fed) considers core Personal Consumption Expenditure (core PCE) as the best gauge of underlying price pressures –drawing investors' attention despite its late release. In the upcoming release for October, the fate of the December rate cut lies in the balance. There are doubts that policymakers will proceed with a third consecutive reduction to borrowing costs.
Thursday's Thanksgiving holiday means several release have been brought forward – weekly jobless claims, Durable Goods Orders and an update on Gross Domestic Product (GDP) for the third quarter. That adds to promise of an explosive reaction.
The US Dollar needs strong data to rise, while Gold bulls prefer softer future. Stock bulls need lower inflation but above-expectations data elsewhere.
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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