“Urgent: The Fed’s Preferred Inflation Indicator Data Released & Free Crypto Webinar”

Investing.com – My favorite gauge of inflation has now released data, which should give us an insight into pricing trends ahead.

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Personal consumption expenditures and durable goods data

The annualized index recorded an increase of 4.7%, while experts expected it to rise by 4.6%, while it recorded 4.6% in the previous reading. The Fed aims to drop this number to 2% only.

The index, on a monthly basis, rose by 0.4%, higher than the expectations of experts who expected a rise of 0.3%, after recording 0.3% last month.

As for the main index, on an annual basis, it increased by 4.4%, and it had recorded, in the last reading, an increase of 4.2%. On the basis of a record of 0.4%, higher than the previous reading of 0.1%.

While it recorded a monthly decline of 0.2%, while expectations were for it to remain stable, i.e. by 0%, and it had recorded a previous reading of 0.3%.

As for it, it increased by 1.1%, while it was expected to decline by 1%.

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Gold and the dollar now

It rose by 0.25% at $1,945 an ounce.

While US gold futures settled at $1,944.

It decreased by 0.13%, to score 104,052 points.