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US Jan PCE Price Index Annual Rate Below Forecast, Traders Bet Fed Will Cut Rates Before September
TradingKey - At 8:30 AM ET, released U.S. PCE data indicated that overall U.S. inflation indicators remained moderate. According to data released by the U.S. Bureau of Labor Statistics, the U.S. Personal Consumption Expenditures (PCE) price index for January rose 2.8% year-on-year, lower than the market expectation of 2.9%, while core PCE growth was largely in line with expectations.TradingKey
Fri, Mar 13
US consumer spending, core PCE inflation firmer in January
WASHINGTON, March 13 (Reuters) - U.S. consumer spending increased slightly more than expected in January, which together with continued strength in underlying inflation and the dragging war in the Middle East bolstered economists' views that the Federal Reserve would not resume cutting interest ...Reuters
Fri, Mar 13
US Q4 GDP growth revised to 0.7% vs. 1.4% expected
The US Bureau of Economic Analysis (BEA) reported on Friday that it revised the annualized Gross Domestic Product (GDP) growth for the fourth quarter to 0.7% in its second estimate, compared to the market expectation and the initial estimate of 1.4%.Fxstreet
Fri, Mar 13
US annual PCE inflation edges lower to 2.8% in January
Inflation in the United States, as measured by the change in the Personal Consumption Expenditures (PCE) Price Index, edged lower to 2.8% in January from 2.9% in December, the US Bureau of Economic Analysis (BEA) reported on Friday. This print came in below the market expectation of 2.9%.Fxstreet
Fri, Mar 13
Brazil's services sector beats forecasts in January ahead of rate decision
SAO PAULO, March 13 (Reuters) - Brazil's services activity grew slightly more than expected in January compared with the previous month, data from the statistics agency IBGE showed on Friday, ahead of the central bank's interest rate decision next week.The main driver of Latin America's ...Reuters
Fri, Mar 13
UK economy ground to halt even before Iran war energy shock
UK economy fails to grow in JanuaryLevel of GDP still at same level as June 2025ONS data underscore investor concern over UK's vulnerabilitiesBrent crude prices at $100 on FridayBy Andy Bruce and Suban Abdulla MANCHESTER, England, March 13 (Reuters) - Britain's economy stagnated unexpecte...Reuters
Fri, Mar 13
Global EV sales fall again in February
Global EV sales down 11% to just over 1 million February sales down 32% in China, 35% in North AmericaEurope up 21%, rest of world up 78% By Alessandro Parodi March 13 (Reuters) - Global EV registrations fell 11% in February, dragged by China's largest sales drop since the onset of the COVID-...Reuters
Fri, Mar 13
