Investing.com Fed Members Reaction to Inflation Data

Investing.com A few moments ago, the personal consumption expenditure index data was released for the United States of America, which is the most important among the inflation data because it is used to determine the position of US inflation..

The personal expenditure index is divided between a basic indicator and a general indicator, each measured on a monthly and annual basis..

The readings have come Annual index of basic personal expenditure From 3.6%, while the estimate was 3.6%, and it is positive that the results do not exceed the estimates, the figure is still far from the promising targets of the Fed to contain inflation, which is occurring. when it hits the low of 2%, and the increase to 3.6% is the largest annual increase since 1991 in the United States.

as a record Core PCE Index MoM 0.3 should reach 0.3%

ل Annual personal expenditure index 4.2 points, and the previous result was 4.0, while monthly basis 0.3% and the previous result was 0.5

And recorded in July -86.38 billion, and the previous follow-up was -92.05 billion.

The monthly is in line with expectations, at 0.3%.

It turned out to be positive because it registered a growth of 1.1% and the estimate was to be set at 0.3%.

The world is waiting now Speech by Federal Reserve Governor Jerome Powell, in a Jackson Hole With more impatience, he pointed out Minutes of the last Fed meeting From the inclination of the majority of the limbs towards monetary tightening before the end of the current year, based on data strength american labor market and its benefits, and in an attempt by them to control inflation, which Powell describes as temporary.

walk now

And at those times, it registered $ 1,795.05 an ounce, an increase of 0.15%, while it registered $ 1,797.35 an ounce, an increase of 0.11%. .

It registers at $ 68.91 per barrel, an increase of 2.22%, while its price is set at $ 71.46 per barrel, an increase of 1.82%..

And the {{942611 | American index}} meanwhile recorded 93.00, down slightly, from 8.4010, an increase of 0.17%.

Update 3:45 p.m. Riyadh time

Fed member Bostick said the Fed may start to tighten faster than before depending on how strong the current economy is.

Price update at 4:00 p.m. Riyadh time

And at those times, it registered $ 1,797.68 per ounce, an increase of 0.3%, while it registered $ 1,797.68 per ounce, an increase of 0.25%. .

Update at 4.30 p.m.

Fed member Kaplan said the Fed should start tightening as soon as possible.

He added that he expected US inflation to hit 2.5%, but said it could get worse if we don’t act quickly.

While Pollard said in an interview that the process of stimulating markets by buying bonds is now worthless and that there is no alternative to tightening and gradually reducing bond purchases .

Meester has indicated that she supports the start of talks on whether to start reducing bond purchases in September, before the end of this year. Explain that the current focus will be on communicating about a situation. Meester expects US Federal Reserve to start scaling back asset purchase program this year