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The Fed’s most important inflation figure is unable to

Core PCE Price Index remained at a y/y level of 1.5% in August, even though on monthly basis, we had a better than expected rise of 0.1%. While other figures were OK, this figure keeps the focus on the labor market, which is moving. Personal spending is up 0.5%, as expected, and personal income is up 0.3%, also as expected.

The US dollar is taking a break from its winning streak and profits are taken.

The Core PCE Price Index is the Feds favorite measure of  underlying inflation. M/m, no change was expected for August after +0.1% last month. A y/y rise of 1.5% was recorded in July. Personal spending was expected to rebound with a rise of 0.5% m/m and personal income to rise by 0.3% m/m.

We still have pending home sales on the agenda today. A drop of 0.4% is expected here. There are certainly more interesting events later in the week, and Non-Farm Payrolls is the key one in the US. For more, see the forex weekly outlook.


Yohay Elam

Yohay Elam

Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts.