Core PCE close to expectations - perhaps the dollar starts to give up some of its gains in the last hour
Posted May 28, 2021, 12:34 PM UTC
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Posted May 28, 2021, 12:34 PM UTC
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Core PCE was slightly above expectations but they also raised previous month. Looked like a tamp down on especially silver going into those numbers this morning. Helped by the dollar, which was being tamped up. I think they do it to subdue the subsequent reaction when the hotter numbers come out an hour after the tamp, as if to say to the public markets, "Nothing to see here, move on."
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Details ape, details. what are the numbers?
0.7%. Exp 0.6%
Thank you!