Personal Consumption Expenditures (PCE)
Coverage of Personal Consumption Expenditures (PCE) in the Nexus archive.
- Iran deal, inflation, AI all pull markets in different directions
U.S. markets showed divergent performance this week due to conflicting factors: falling oil prices from a tentative Iran ceasefire deal boosted the Dow and S&P 500, while rising inflation data and concerns over AI stock valuations caused the Nasdaq to drop. Inflation metrics, including a 4.1% annualized rise in headline PCE and 3.4% core PCE, reinforced expectations that the Federal Reserve will delay rate cuts. The first-quarter GDP estimate was revised upward to 2.1%, but analysts caution growth remains narrow.
- Inflation hits 4.1 percent in May, highest level in 3 years
Annual inflation reached 4.1 percent in May, the highest level in three years, with prices rising 0.7 percent in the month alone. The data was released by the Commerce Department, measured through the personal consumption expenditures (PCE) index.
- PCE, jobless claims and housing data test Fed cut hopes: Crypto Week Ahead
The upcoming release of PCE inflation data, jobless claims, and housing figures will influence expectations for Federal Reserve rate cuts, with implications for cryptocurrency markets. The data will test investor confidence in potential monetary policy easing.