US Personal Consumption Expenditure (PCE) Core Inflation Unchanged at 1.7% (News: 28/03/16)

Posted On 31 Mar 2016

By : Alpari

Comment: 0

Tag: EURUSD, US Core Inflation, USDJPY

Today’s Press

US Personal Consumption Expenditure (PCE) Core Inflation Unchanged at 1.7%

The headline Personal Consumption Expenditure (PCE) Index fell 0.1% for February following a 0.1% gain the previous month, while core prices rose 0.1% after a 0.3% gain the previous month. The core monthly change was slightly lower than the expected 0.2%. On an annual basis, there was a 1.7% underlying gain, unchanged from the previous month and, although equalling the highest rates since the Summer of 2014, it was below the expected 1.8%.
Wall Street higher despite more hawkish Fed speak

U.S. stock futures were higher, heading into the final four trading days of March and the first quarter. After the long Easter weekend, Wall Street snapped a five-week winning streak with weekly losses. The Dow was slightly positive to for the year, while the S&P 500 was slight negative. The Nasdaq was off nearly 4.7 percent in 2016.
U.S. Government Bonds Little Changed Before Yellen Comments

U.S. government bonds were little changed on Monday as investors await comments from Federal Reserve Chairwoman Janet Yellen and a key jobs report for clues about the timing of an interest-rate increase.

Next Trading Day’s Important Events

17:00 (GMT+3) US Consumer Confidence

Forex Quotes:

USDJPY: 113.34
EURUSD: 1.1199

Indices:

S&P 500: 2,036.25
NASDAQ : 4,768.97

Source:: US Personal Consumption Expenditure (PCE) Core Inflation Unchanged at 1.7% (News: 28/03/16)

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