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US Core PCE Preview: Forecasts from seven major banks, inflationary pressure still too high

The Fed’s preferred inflation gauge, the Core Personal Consumption Expenditure (PCE), will be released by the US Bureau of Economic Analysis (BEA) on Friday, March 29 at 12:30 GMT and as we get closer to the release time, here are the forecasts of economists and researchers of seven major banks. ....

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EUR/USD dips below 1.0800 amid ECB dovish dovish signal and strong US GDP figures

The Euro extends its losses against the US Dollar, with the major diving below the 1.0800 figure, following dovish comments by European Central Bank (ECB) policymaker Francois Villeroy. ....

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A Hollywood ending for fourth quarter GDP

The latest revisions put Q4 GDP at 3.4%, the second fastest quarterly growth rate in two years. ....

Commerce Department ,

Australian Monthly CPI rises 3.4% YoY in February vs. 3.5% expected

Australia’s monthly Consumer Price Index (CPI) rises 3.4% in the year to February 2024, compared to the annual increase of 3.4% seen in January, the Australian Bureau of Statistics reported on Wednesday. ....

Consumer Price Index ,

USD/INR loses upside traction on likely RBI intervention

Indian Rupee (INR) extends its recovery on Wednesday despite renewed US Dollar demand (USD). ....

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