Market Analysis
PCE Price Index Up 0.3% in Feb, in Line with Expectations
Personal Consumption Expenditures (PCE) saw a significant 0.8 percent increase, driven by growth in both the service and goods sectors.
BTC$62,495.00-2.10%
ETH$1,662.50-3.31%
USDT$0.99890.00%
USDC$0.9998-0.01%
XRP$1.11-1.51%
SOL$69.43-3.23%
TRX$0.329-1.30%
FIGR_HELOC$1.03-0.16%
HYPE$62.14-5.95%
DOGE$0.0788-3.89%
USDS$0.9997+0.01%
RAIN$0.0156-2.27%
LEO$9.54+0.05%
ZEC$416.96-5.64%
XLM$0.1953-3.57%
BTC$62,495.00-2.10%
ETH$1,662.50-3.31%
USDT$0.99890.00%
USDC$0.9998-0.01%
XRP$1.11-1.51%
SOL$69.43-3.23%
TRX$0.329-1.30%
FIGR_HELOC$1.03-0.16%
HYPE$62.14-5.95%
DOGE$0.0788-3.89%
USDS$0.9997+0.01%
RAIN$0.0156-2.27%
LEO$9.54+0.05%
ZEC$416.96-5.64%
XLM$0.1953-3.57%
US PCE inflation remained unchanged at 2.7% anually in April, increasing 0.3% on a monthly basis.
Personal Consumption Expenditures (PCE) saw a significant 0.8 percent increase, driven by growth in both the service and goods sectors.
In January, the personal consumption expenditures (PCE) price index, a critical measure of inflation monitored by the Federal Reserve, aligned with analysts' projections.
The odds of US soft landing are rising as Fed's preferred gauge of inflation fell considerably in June to 4.1%, from 4.6% in May.
PCE Price Index and Core PCE Price Index rose by 0.6% month-over-month in January, refueling worries over further rate hikes.
The Fed will have to juggle multiple macroeconomic balls to achieve soft landing.