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Message: [QUOTE="Daniel LQDFX, post: 228860, member: 107699"] [HEADING=2][Center][Heading=1][B]Daily News Update[/B][/Heading][/Center][/HEADING] [HEADING=2] [Right]26 January 2024[/Right][/HEADING] [Right]Friday[/Right] [Heading=2]On January 26th, a notable news event is scheduled in the US, with the release of its monthly Core PCE Price Index.[/Heading] [B][U][Center]USD - Core PCE Price Index m/m[/Center][/U][/B] The Core PCE Price Index is the primary measure of inflation used by the Federal Reserve. Inflation plays a crucial role in the valuation of currency, as increasing prices compel the central bank to elevate interest rates to adhere to their mandate of containing inflation. In November 2023, the core Personal Consumption Expenditures (PCE) price index in the United States, which excluded the more volatile food and energy sectors, showed a slight month-on-month increase of 0.1%, falling below the expected 0.2% rise. This outcome was in line with the previous month's revised rate, continuing a trend of slowing inflation, a key focus of the Federal Reserve. This ongoing disinflation across various pricing metrics fed into the anticipation that the Federal Reserve might lower borrowing rates multiple times in the forthcoming year. On a year-over-year basis, the core PCE prices rose by 3.2%, less than the forecasted 3.3%, and represented a deceleration from October's adjusted increase of 3.5%. [B]TL;DR[/B] [LIST] [*]November 2023's US core PCE price index rose 0.1% month-on-month, less than the expected 0.2%. [*]The year-over-year increase was 3.2%, lower than the anticipated 3.3%. [*]This data reflects a continuation of the trend of slowing inflation. [*] The trend is feeding expectations of multiple Federal Reserve rate cuts in the upcoming year. [/LIST] The projected [B]Core PCE Price Index[/B] is anticipated to show an increase to [B]0.2%[/B], up from the previous result of [B]0.1%[/B]. The upcoming release of the [B]monthly Core PCE Price Index[/B] is scheduled for [B]January 26th at 1:30 PM GMT[/B]. The last time, US Core PCE Price Index m/m was announced on the 22nd of December, 2023. You may find the market reaction chart [B](USOIL M5)[/B] below: [ATTACH type="full"]27144[/ATTACH] [HR][/HR] [I]Disclaimer: The market news provided herein is for informational purposes only and should not be considered trading advice.[/I] [/QUOTE]

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