Incorporating relevant components from April’s CPI, PPI and import price releases, analysts at Nomura expect US core PCE to increase 0.132% m-o-m in April, lowering its 12-month rate to 1.8% (1.830%), from 1.9% (1.882%) previously. Key Quotes “The further slowdown in m-o-m core PCE inflation, from 0.15% m-o-m in March, is driven by weakness in PPI’s medical care services, financial services and airline fare prices. We continue to expect core PCE inflation to pick up only gradually over the forecast horizon after base effects help drive up the y-o-y rate 0.3pp in March.” “For non-core components, we expect a steady 0.3% m-o-m increase in food prices, consistent with April’s CPI data, while energy prices likely rose 1.5% m-o-m as retail gasoline prices picked up during the month. Altogether, we expect a 0.2% (0.195%) m-om increase in the PCE index in April, corresponding to 2.0% (1.987%) y-o-y.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next BoC: Rate hike on the cards? – AmpGFX FX Street 5 years Incorporating relevant components from April's CPI, PPI and import price releases, analysts at Nomura expect US core PCE to increase 0.132% m-o-m in April, lowering its 12-month rate to 1.8% (1.830%), from 1.9% (1.882%) previously. Key Quotes "The further slowdown in m-o-m core PCE inflation, from 0.15% m-o-m in March, is driven by weakness in PPI's medical care services, financial services and airline fare prices. We continue to expect core PCE inflation to pick up only gradually over the forecast horizon after base effects help drive up the y-o-y rate 0.3pp in March." "For non-core components, we expect a steady… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
