U.S. Core PCE Showed Elevated Price Pressures Prior to US-Iran War

The latest U.S. core PCE report revealed elevated inflationary pressures even before the US-Iran war sparked a surge in energy costs. But why did the dollar react the way it did?

The latest U.S. core PCE report revealed elevated inflationary pressures even before the US-Iran war sparked a surge in energy costs. But why did the dollar react the way it did?
This article was written by Paul Reid, a financial journalist at Exness. This week we saw reports and headlines that will likely influence multiple charts and consequently trading strategies for the rest of the month. 2025 is starting with growing economic optimism with bullish outbreaks across several markets, but it’s not all sunshine and rainbows….
Starmer refuses to commit to giving MPs vote on any potential trade deal with US Ed Davey, the Lib Dem leader, says he asked last week for a vote on any trade deal with the US, and Starmer did not answer last week, or when Clive Jones asked the question earlier. Starmer says any deal…
Dollar gains in volatile trade after Fed cut; sterling lower ahead of BoE meeting Source link
On Wednesday 7 August 2024, Judge Analisa Torres ruled that Ripple must pay $125m in civil penalties and banned it from future transgressions of US securities regulations. The US Securities and Exchange Commission (SEC) brought the case against the blockchain-oriented digital payment network back in November 2020. The financial watchdog claimed that Ripple had performed…
Short and medium-term real interest rates are clearly negative Japan’s financial conditions remain accommodative Increased fiscal spending could crowd out private investment by pushing up market interest rates Negative interest rates are leading to moderate uptrend in private capital expenditure Bank of Japan Governor Kazuo Ueda reiterated that despite shifts in global policy, Japan’s internal…
Traders Workshop – For Real Success – You Need To Learn From The Best! Complete Trading School by Vladimir Ribakov US stocks powered higher on Monday, as demand for technology shares remained strong even while the ouster of Venezuela’s President Nicolas Maduro fanned worries over geopolitical risk. Gold and the dollar rallied. The Nasdaq 100 Index jumped, with chip…