{"id":87323,"date":"2016-03-29T07:25:56","date_gmt":"2016-03-29T11:25:56","guid":{"rendered":"http:\/\/countingpips.com\/?p=87323"},"modified":"2016-03-29T07:25:56","modified_gmt":"2016-03-29T11:25:56","slug":"soft-us-consumption-data-weigh-on-dollar","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2016\/03\/soft-us-consumption-data-weigh-on-dollar\/","title":{"rendered":"Soft US consumption data weigh on dollar"},"content":{"rendered":"<div id=\"inves-3596478230\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">March 29, 2016<\/div><hr style=\"border: none; border-bottom: 3px solid black;\">\r\n<\/div><\/div><p>Article by <a href=\"http:\/\/countingpips.com\/contributors\/contributor-profile-forextime\/\">ForexTime<\/a><\/p>\n<p>The Federal Reserve\u2019s preferred inflation measure came in modestly cooler than forecast in February, potentially giving the central bank more breathing room on the next rate rise.<\/p>\n<p>The core personal consumption expenditures (PCE) price index, which excludes energy and food, rose 1.7 per cent in February from the same month in 2015, compared to expectations of a 1.8 per cent increase. That was the same rate logged in January.<\/p>\n<p>The Federal Reserve has targeted a 2 per cent annual inflation rate \u2014 something that just months ago appeared to be out-of-reach. However, many measures of inflation, and perhaps more importantly, inflation expectations, have firmed dramatically in a sign that low oil prices are not causing broader deflationary pressure as some have feared.<\/p>\n<p>Economists have pinned the rising core inflation figures on a tightening US labour market. Indeed, the unemployment rate is expected to have held below 5 per cent this month as the world\u2019s most important economy added 208,000 jobs.<\/p>\n<p>Meanwhile, the same report showed personal income climbed 0.2 per cent on a month-on-month basis in February, slightly better than expectations of a 0.1 per cent rise. Consumer spending was up 0.1 per cent, matching forecasts.<\/p><div id=\"inves-840074425\" class=\"inves-in-content inves-entity-placement\"><hr style=\"border: 1px solid #ddd;\">\r\n<div id=\"inpost_ads_header\">\r\n<p style=\"font-size:10px; float:left; color:#666;\">Free Reports:<\/p><\/div>\r\n<div id=\"inpost_ads\"> \r\n<p style=\"font-size:15px; float:left;\"><a href=\"https:\/\/goo.gl\/1ApBOV\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/investmacro.com\/wp-content\/uploads\/2018\/06\/graph_techs_PD.png\" align=\"left\" width=\"80\"  height=\"55\"\/><\/a>\r\n\t     <a href=\"https:\/\/goo.gl\/1ApBOV\"><b><u>Get Our Free Metatrader 4 Indicators<\/u><\/b><\/a> - Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter<\/p><br><br>\r\n<br>\r\n<br>\r\n<p style=\"font-size:15px; float:left;\"><a href=\"https:\/\/goo.gl\/f3RrHX\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/investmacro.com\/wp-content\/uploads\/2019\/01\/cot_pie_80.png\" align=\"left\" width=\"80\"  height=\"55\"\/><\/a>\r\n\t    <a href=\"https:\/\/goo.gl\/f3RrHX\"><b><u>Get our Weekly Commitment of Traders Reports<\/u><\/b><\/a> - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.<\/p><br><br>\r\n<\/div>\r\n<hr style=\"border: 1px solid #ddd;\">\r\n<br><\/div>\n<p>&nbsp;<\/p>\n<hr \/>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-54242 alignleft\" src=\"http:\/\/countingpips.com\/articles-analysis\/wp-content\/uploads\/2014\/07\/Forex-Time-Logo.png\" alt=\"Forex-Time-Logo\" width=\"262\" height=\"90\" \/><strong>Article by <span style=\"text-decoration: underline;\"><a href=\"http:\/\/countingpips.com\/contributors\/contributor-profile-forextime\/\">ForexTime<\/a><\/span><\/strong><\/p>\n<p><strong>ForexTime Ltd (FXTM)<\/strong> is an award winning international online forex broker regulated by CySEC 185\/12 <a href=\"http:\/\/www.forextime.com\" target=\"_blank\">www.forextime.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Article by ForexTime The Federal Reserve\u2019s preferred inflation measure came in modestly cooler than forecast in February, potentially giving the central bank more breathing room on the next rate rise. The core personal consumption expenditures (PCE) price index, which excludes energy and food, rose 1.7 per cent in February from the same month in 2015, [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-87323","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/87323","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=87323"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/87323\/revisions"}],"predecessor-version":[{"id":87353,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/87323\/revisions\/87353"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=87323"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=87323"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=87323"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}