US Core PCE Inflation Likely to Hold Steady, Casting Doubt on Additional Fed Rate Cuts
US Core PCE Inflation Likely to Hold Steady, Casting Doubt on Additional Fed Rate Cuts The Bureau of Economic Analysis (BEA) is set to release October’s Personal Consumption Expenditures (PCE) Price Index on Wednesday at 13:30 GMT. As the Federal Reserve’s (Fed) preferred inflation gauge, this data will provide insights into the trajectory of inflation […]
Pound Sterling Drops from Recent Highs as Attention Turns to US Core PCE Inflation
Pound Sterling Drops from Recent Highs as Attention Turns to US Core PCE Inflation The Pound Sterling (GBP) has pulled back from a more-than-two-year high of 1.3266 against the US Dollar (USD) during Wednesday’s London session. The GBP/USD pair has dipped as the US Dollar regains some strength, with investors now focusing on the upcoming […]