PCE to tell if strong US GDP is bad news | MarketTalk: What’s up today? | Swissquote
About this video
Markets are still digesting yesterday’s blockbuster US GDP report — growth came in at 3.8%, the fastest pace in nearly two years, and far above expectations. Strong data may look like good news, but for investors it complicates the Federal Reserve’s (Fed) path: if the economy is still running hot, do we really need rate cuts this year? Yields climbed, the dollar strengthened and equities slipped from record highs as traders reassessed.
Today, all eyes are on the Fed’s favourite inflation gauge, the core PCE. A softer print could revive risk appetite and give gold some breathing space, while a hotter surprise might prolong the pause in the risk rally. We’ll also take a closer look at FX moves, sterling’s weakness ahead of the Autumn Budget, and why gold still shines despite rising yields.
Watch the full episode to find out more!
0:00 Intro
0:43 Strong US GDP weighs on dovish Fed expectations, risk appetite
4:13 All eyes on US PCE data
5:44 FX, commodities update: USD recovery in play ahead of PCE data
Ipek Ozkardeskaya has begun her financial career in 2010 in the structured products desk of the Swiss Banque Cantonale Vaudoise. She worked at HSBC Private Bank in Geneva in relation to high and ultra-high net worth clients. In 2012, she started as FX Strategist at Swissquote Bank. She worked as a Senior Market Analyst in London Capital Group in London and in Shanghai. She returned to Swissquote Bank as Senior Analyst in 2020.
#GDP #FederalReserve #PCE #USMarkets #Forex #Gold #Investing #Finance
#Swissquote #MarketTalk
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