Personal spending beats consensus, US inflation remains steady

Personal spending beats consensus, US inflation remains steady
фото показано с : cryptoslate.com

2023-10-27 15:39

Quick Take

The United States PCE Price Index reveals a generally stable financial landscape, with most figures aligning with expectations.

A fine-grained analysis, however, unveils some notable nuances. The Core PCE Price Index MoM stood at 0.3%, completely mirroring the consensus, which projects a climate of steady inflation.

Personal Income MoM, interestingly, slightly underperformed, coming in at 0.3% against the anticipated 0.4%. This minuscule difference paints a picture of stability in wage growth, albeit somewhat lower than predicted.

On the contrary, Personal Spending MoM emerged warmer than anticipated, hitting the 0.7% mark, outstripping the consensus of 0.5%. This could indicate increased consumer trust and spending power, thereby hinting at potential economic growth.

Despite these figures, the U.S. dollar, yields, and Bitcoin have held their ground, showing little reaction to the news.

US PCE Data: (Source: Trading Economics)

The post Personal spending beats consensus, US inflation remains steady appeared first on CryptoSlate.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Formosa Financial (FMF) на Currencies.ru

$ 0.0004577 (+0.00%)
Объем 24H $0
Изменеия 24h: -0.11 %, 7d: 98.23 %
Cегодня L: $0.0004538 - H: $0.0004624
Капитализация $394.44k Rank 99999
Доступно / Всего 861.833m FMF

aligning figures landscape stable financial expectations fine-grained