Analysts: Core PCE data will affect the path of Federal Reserve monetary policy
2025-12-05 08:02:50
The dollar fell ahead of the release of data on US personal consumption expenditures (PCE), the Fed's favourite measure of inflation. Hargreaves Lansdown's EmmaWall said the core PCE data will be particularly important ahead of the Fed's December meeting. If the inflation data is higher than expected, the Fed is likely to keep interest rates on hold; if the data is in line or lower than expected, it will pave the way for another rate cut. (Golden Ten)
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