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Tag Archives: PCE

US Economic Growth Slows Sharply in Q1 2024 Amid Persistent Inflation 

The US economy expanded at an annualized rate of 1.6% in Q1 2024, the slowest growth since the contractions in the first half of 2022. The reading was lower than the previous quarter’s 3.4% growth and below the forecasted 2.5%. Consumer spending growth decreased to 2.5% from 3.3%, mainly due to a 0.4% fall in […]

Persistent Inflation Pressures Fed to Stay Resolute on Rates 

The U.S. personal consumption expenditure price index (PCE) increased 0.3% month-over-month in February 2024. The increase was lower than the upwardly revised 0.4% rise in January and lower than the forecasted 0.4%. Prices for services went up 0.3%, while prices for goods rose 0.5%. The annual rate edged up to 2.5%, in line with forecasts, […]

ECB Rate Cut Prospects Intensify as Economic Clouds Gather 

The independent European Central Bank (ECB), an integral part of the Eurosystem, is responsible for managing the monetary policy of the euro area that comprises twenty nations. It is based in Frankfurt, Germany, and works in conjunction with the national central banks of the euro area member states. The ECB’s primary goal, through its governing […]

Focus on AUDJPY today – 1st March 2024 

In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the AUDJPY for 1st March 2024.  Key Takeaways  Technical Analysis  Daily Chart Insights  1-hour Chart Analysis  Pivot Indicator  Conclusion  To navigate the complex world of trading successfully, it’s imperative to stay informed and make data-driven decisions. Ultima Markets remains dedicated to providing you […]

US Inflation Mixed Bag, Fed May Delay Rate Cut 

The US recorded a 0.3% growth in its personal consumption expenditure price index in January 2024, conforming to the anticipated market predictions of 0.3%. This marginally increased compared to an adjusted 0.1% surge experienced the previous month, December. Service prices experienced a 0.6% rise while goods showed a 0.2% decrease. The year-on-year growth rate declined […]

Market awaits inflation data to gauge US rate cut likelihood. 

Financial market remains fixated upon future data from the United States, especially pertaining to inflation to gauge the likelihood of an early rate cut. Likewise, comments from Fed officials will be monitored at the same time, with at least ten are due to speak this week.   Previously, data from US showed that durable goods orders […]

Timing the Federal Reserve’s Next Interest Rate Cut in 2024 

The Federal Reserve, being a central bank with a dual mandate, is significantly tasked with ensuring equilibrium between inflation and employment market scenarios. Each consumer gets impacted by price fluctuations of goods and services, whether they are buying everyday commodities like milk and eggs or renting houses that are elastic to interest rates.  In the […]

U.S. Core PCE Dips, Rate Cuts Imminent

U.S. Core PCE Prices Dip: Implications for Rate Cuts In December 2023, the core PCE prices in the United States, which do not take into account food and energy, saw an increase of 0.2% compared to the previous month, marching in step with projected market predictions. This was a small uptick from November’s increase of […]

US Core Inflation Eases, High Hopes Federal Reserve Pivot

Moderating Core Inflation in November Bolsters Expectations of a Dovish Shift by the Federal Reserve  In November 2023, the United States experienced an unexpected twist in the Personal Consumption Expenditure Price Index (PCE), showing a 0.1% month-over-month decline. This downturn, contrary to anticipated stability, marked the first decrease in PCE prices since February 2022. The […]

Focus on GBP/USD Today – 1st December 2023

Comprehensive GBP/USD Analysis for December 1, 2023 In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the GBP/USD for 1st December 2023.  GBP/USD Key Takeaways GBP/USD Technical Analysis  GBP/USD Daily Chart Insights GBP/USD 1-hour Chart Analysis Ultima Markets MT4 Pivot Indicator Conclusion