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Investing.com – My favorite gauge of inflation, as well as US Unemployment Claims, are now out, which should give us an insight into pricing trends ahead.
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Personal consumption expenditure data
The annual index recorded 3.3%, according to experts’ expectations, while it recorded 3% in the previous reading. The Fed aims to drop this number to 2% only.
On a monthly basis, the index recorded 0.2%, which is what experts expected, while the previous reading was at 0.2%.
As for the main index, on an annual basis, it recorded 3.3%, and it had recorded in the last reading 3%. And on a record 0.2% basis, in line with experts’ expectations.
Unemployment benefits data
At the same time, claims for unemployment benefits were recorded at 228 thousand, while expectations were for recording 235 thousand, and the previous reading was at 232 thousand.
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Gold and the dollar now
It fell by 0.06% at 1972 dollars an ounce.
While it rose by 0.15% to 1945 dollars.
While it increased by 0.3%, to record 103,410 points.
2023-08-31 12:34:00
#Urgent #Fed #Preferred #Inflation #Unemployment #Claims #data #released #Investing.com
