What To Expect From Thursday's Report On US Inflation | Metals Mine

  • What To Expect From Thursday's Report On US Inflation

    From investopedia.com

    The Federal Reserve's preferred measure of inflation likely surged in May, putting the central bank's determination to keep prices stable to the test. Forecasters expect Thursday's Personal Consumption Expenditures price index to show inflation rose 4.1% over 12 months ending in May, according to a survey of economists by Dow Jones Newswires and The Wall Street Journal. 1 That would be up from a 3.8% in April and the highest since 2023. 2 The uptick would largely reflect rising gasoline prices due to the war in Iran that month, which have since begun to decline following the signing of a peace agreement. However, ... (full story)

Comment Options
Tanisha.fx
10 hr ago
Permalink
USD:
A stronger-than-expected print will support USD strength by reinforcing higher-for-longer Fed policy. A weaker print will weigh on the dollar.

Gold (XAU/USD):
Stronger inflation data typically pressures gold lower (via stronger USD and higher yields). Weaker data is supportive for gold. High volatility expected post-release. Focus on deviation from consensus.
Reply
jekol
10 hr ago
Permalink
selll sell sell
Reply
Tanisha.fx
9 hr ago
Permalink
are you sure?

In my opinion you should wait for the data and then decide weather to buy or sell
Reply
notnovice
9 hr ago
Permalink
Better wait ---Prices at temporary peaks n bottoms ---
Reply
View 2 replies to jekol
Hide replies to jekol
View 0 more replies to Tanisha.fx
Hide replies to Tanisha.fx
Tohher
10 hr ago
Permalink
Expect japanese MoF intervention just after the print.
Reply
Trader#0732
9 hr ago
Permalink
Why?
Reply
View 0 more replies to Tohher
Hide replies to Tohher
Jerryzard07
9 hr ago
Permalink
gold has been waiting on this for direction. will break current range for sure
Reply
Trader#5CC2
9 hr ago
Permalink
BUY
Reply

  • Related Stories

PCE report: Fed's preferred inflation measure hits 3-year high, keeping talk of possible rate hike in play
From finance.yahoo.com | 5 hr ago | 1 comment
The Federal Reserve's preferred inflation gauge showed prices heated up to the highest level in three years, likely keeping the central bank holding interest rates steady with an eye toward hiking if inflation doesn't dissipate. The Personal Consumption Expenditures index rose 4.1% in May, in line with expectations, and up from 3.8% in April. Month over ...
The Fed's preferred inflation gauge shows prices rising at fastest pace in 3 years
From cbsnews.com | 8 hr ago | 1 comment
The Personal Consumption Expenditures index — the Federal Reserve's preferred inflation measure — rose at a 4.1% annual rate in May, highlighting the central bank's challenge in reining in prices. The reading matched economists' forecasts for the PCE report to come in at 4.1% annually, according to financial data service FactSet. That compares with an ...
US PCE inflation measure tops 4.0pc in May; consumer spending strong
From thestandard.com.hk | 8 hr ago | 7 comments
US inflation increased further in May, breaking above 4.0 percent for the first time in three years as the Middle East conflict boosted energy prices, and potentially drawing the Federal Reserve closer to raising interest rates this year. The personal consumption expenditures price index surged 4.1 percent in the 12 months through May, the largest increase ...
  • Story Stats