US consumers' near-term inflation expectation lowest since 2020, UMich data shows
The University of Michigan's monthly consumer sentiment index survey showed households' one-year inflation expectation at 2.8%, down from 2.9% in July and now the lowest since December 2020. The five-year outlook for price growth was unchanged at 3.0%. The wider survey showed a modest improvement in consumer sentiment this month, with the uptick having significant political overtones as the Nov. 5 U.S. presidential election approaches.
Fed Favored Inflation Gauge’s Mild Gain Sets Stage for Rate Cut
(Bloomberg) -- Sign up for the Economics Daily newsletter to discover what's driving the global economy.Most Read from BloombergDense Cities With Low Emissions Suffer Most From Air Pollution, Study FindsIntergenerational Housing Could Help Older Adults Combat LonelinessA Guide to Urban Swimming in Europe, Beyond the SeineTurkey Plans Istanbul Taxi Surge to Tackle ComplaintsAs Rural Hospitals Shutter Maternity Wards, Urban Ones FollowThe Federal Reserve’s preferred measure of underlying US inflat
CoinDesk 20 Performance Update: LTC and BCH Lead as Index Gains 0.4%
Litecoin added 2.4% while Bitcoin Cash rose 2% in overnight trading.
Bitcoin Chop Continues Until...
Despite recent Crypto pullback, key Bitcoin signals highlight an impending bull run. By analyzing global liquidity, correlations with traditional markets, and institutional adoption, investors are positioning for a very bullish future ahead. Watch this date range for Bitcoin's next major move.
Bitcoin to Gain From Rate Cuts: 4 Crypto-Centric Stocks With Upside
Stocks like Robinhood Markets (HOOD), Interactive Brokers (IBKR), NVIDIA (NVDA) and Block (SQ) will benefit once the Bitcoin rally resumes.
Instant view: No surprises from US PCE inflation to alter Fed easing path
The data looks unlikely to divert the Federal reserve, which tracks the PCE price measures as an inflation gauge for monetary policy, from lowering interest rates at least 25 basis points in September. In the 12 months through July, the PCE price index increased 2.5%, matching June's gain and beating the 2.6% gain expected by economists polled by Reuters. Excluding the volatile food and energy components, the PCE price index rose 0.2% last month, matching the increase in June.
US dollar gains after inflation data
The U.S. dollar gained on Friday after data showed a key inflation measure came in line with expectations, while personal spending and income increased, reinforcing expectations that the Federal Reserve will like cut interest rates by a smaller 25 basis points next month. The personal consumption expenditures (PCE) price index rose 0.2% last month, in line with expectations, after an unrevised 0.1% advance in June, data showed. In the 12 months through July, the PCE price index increased 2.5%, matching June's gain.