Analysts at Nomura note that the US headline PCE deflator rose 0.1% (0.103%) m-o-m in June, mostly in line with expectations (Nomura: 0.053%, Consensus: 0.1%). Key Quotes “Our forecast miss was likely due to revisions to the NIPA accounts which lowered PCE deflators in prior months. On a y-o-y basis, PCE inflation was steady at 2.2% y-o-y, slightly below expectations (Nomura: 2.264%, Consensus: 2.3%).” “Excluding food and energy, core PCE inflation slowed to 0.1% (0.108%) m-o-m in June, mostly in line with expectations (Nomura: 0.06%, Consensus: 0.1%), from 0.2% (0.195%) m-o-m in May.” “Overall, the monthly profile of core PCE inflation supports our view that core inflation will likely accelerate only gradually.” 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 Australia: Manufacturing PMI and house prices eases – TDS FX Street 5 years Analysts at Nomura note that the US headline PCE deflator rose 0.1% (0.103%) m-o-m in June, mostly in line with expectations (Nomura: 0.053%, Consensus: 0.1%). Key Quotes "Our forecast miss was likely due to revisions to the NIPA accounts which lowered PCE deflators in prior months. On a y-o-y basis, PCE inflation was steady at 2.2% y-o-y, slightly below expectations (Nomura: 2.264%, Consensus: 2.3%)." "Excluding food and energy, core PCE inflation slowed to 0.1% (0.108%) m-o-m in June, mostly in line with expectations (Nomura: 0.06%, Consensus: 0.1%), from 0.2% (0.195%) m-o-m in May." "Overall, the monthly profile of core PCE… 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.
