U.S. PCE price deflator
Tariff News Back in the Spotlight Along with A Looming U.S. Federal Government Shutdown
September 26, 2025
President Trump has unveiled several fresh tariff hikes, including a levies of 100% on imported pharmaceuticals, 25-50% on bathroom vanities and kitchen cabinets, and 25% on long trucks. China and other Asian economies are seen as particularly vulnerable. The EU is raising its tariff on Chinese steel. Oddsmakers foresee a big likelihood of a U.S. […] More
Japanese Yen Weakens Broadly and Crosses 150 per Dollar Threshold
July 31, 2025
The Japanese yen fell 0.7% overnight into this morning against the dollar, which otherwise declined by 0.3% against the euro and Swiss franc, 0.2% relative to sterling and 0.1% versus the Australian and New Zealand currencies. The yen got as low as 150.63 per dollar, not far from the 152 per dollar quote when Japanese […] More
U.S. Personal Consumption Report and Many European Data Releases
March 28, 2025
Shortly before the release of U.S. personal income, PCE and the PCE price deflator this Friday morning, the dollar was showing overnight advances of 0.3% against the euro and peso, 0.2% versus the the Swiss franc and sterling, and 0.1% relative to the Canadian dollar. The dollar benefited from tariphobia. Uncertainty ahead of next Wednesday’s […] More
Plenty of Anxiety to Go Around
October 31, 2024
Pick your poison: the two-fisted global punch of Covid followed by a spike in inflation, endless wars in the Middle East, climate change accelerating faster than predicted, confusion about where artificial intelligence is taking mankind, and America seemingly on the brink of crossing over to the dark side. There’s plenty of anxiety to go around, […] More
A Lot of Data Out Today for Investors to Digest
August 30, 2024
There’s been a typical end-of-month deluge of economic data releases but without significant financial market repercussions. The dollar rose 0.2% overnight against the Japanese yen and Swiss franc but shows no net change against the euro, sterling or Aussie and New Zealand dollars. Following Thursday’s record high close in the DOW, pre-market trading today has […] More
Big Data Release Day Including Inflation Measures for the U.S., Euroland and Tokyo
May 31, 2024
Just minutes before the release of the U.S. personal consumption expenditures price deflator, the dollar showed overnight losses of 0.3% against the Canadian and Aussie currencies and 0.2% versus the euro and peso but had also risen 0.2% against the yen and 0.1% versus the Swiss franc and sterling. Ten-year German, French, Italian and Spanish […] More
Dueling U.S. Economic and Political Concerns
February 29, 2024
Markets today are most focused upon inflation, with investors and analysts expected the U.S. PCE price deflator due shortly to arrive on the high side. For political wonks, however, the paramount issue involves America’s failed immigration system and the dysfunctional Congress that won’t address the problem. Migration favors Trump’s quest for reelection, which if successful […] More
Friday, Friday… Can’t Trust that Day
January 26, 2024
Economic outlooks among the major economies have widened. The United States has been a very bright spot, with a combination of much more robust economic growth than expected yet continuing disinflation with some measures essentially aligning themselves with the Fed’s 2% definition of price stability. China and Germany are worries. In spite of fresh promises […] More
Across-the-Board Strength in the Dollar Early this Friday
May 28, 2021
Prior to today’s release of U.S. data, the dollar had advanced 1.3% against the Turkish lira, 0.6% versus the Swiss franc and Australian dollar, 0.4% vis-a-vis the loonie, peso and weighted DXY index, 0.2% versus the yen, and 0.3% against the euro and sterling. U.S. stock futures had extended yesterday’s gain by around 0.5%, and […] More
Ton of Released Data but Tepid Market Reaction
September 29, 2017
Strong dollar gains this week were in most cases not extended on the final business day of September and the quarter. The dollar is down 0.2% against the euro and 0.1% relative to the yuan and Swiss franc. The loonie and peso are unchanged. The dollar rose 0.2% against the New Zealand and Australian dollars, […] More
