Core PCE Levels Off, But the ECI May Have the Fed More Concerned
The US released what is considered to be the Fed’s favorite measure of inflation on Friday, the Core PCE Price Index. The March print was 5.2% YoY vs 5.3% YoY expected and 5.3% YoY in February. The headline PCE Price...
Dollar Consolidates Gain after Strong PCE Inflation Data
Lots of important economic data are released today but they’re largely ignored. Inflation data from the US and Eurozone are strong. Canada’s monthly GDP growth was well above expectation while Eurozone GDP growth turned weaker in Q1. But reactions to...
Dollar Paring Gains, Canadian Turning Stronger ahead of GDP
Dollar is paring some gains today but remains the strongest one for the week. Canadian Dollar is currently the second best. Euro is trying to recover but remains the second worst, just next to Sterling. Yen is trying to recover...
Cliff Notes: A Singular Focus
Key insights from the week that was. In Australia this week, the market had a singular focus – inflation. The Q1 CPI report did not disappoint, with both headline and trimmed mean core inflation coming in ahead of our top-of-the-market...