Latest PCE: no pressure for US rate rise

02 May 2016

 

Growth in core personal consumption expenditure (PCE), which strips out energy and food components, is the US Fed’s preferred measure of inflation and the latest release had core PCE at 1.6% for the last 12 months and 0.1% higher than a month ago. In both case, the numbers were as expected and local banks had very little to say about them except for NAB which said the figures did not...

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