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Annual core PCE inflation, which measures the year-over-year change in Americans’ personal consumption expenditures, is the Federal Reserve’s preferred inflation measure.
Gold prices set new all-time highs in all major currencies on Thursday, going into the long Easter weekend for global bullion markets above $2200 per ounce as analysts looked to tomorrow's PCE inflation data for signals on US Fed interest rates
The FOMC will set interest rates again on May 1. Rates are not expected to change, but a summer cut could be coming.
US PCE data suggest price pressures are easing, while investors await comments from Fed officials
KUALA LUMPUR: The ringgit was slightly lower against the US dollar at Friday's closing, although sentiment towards the local currency remains favourable, as Bank Negara Malaysia (BNM) has said firmly that the ringgit is undervalued.