US inflation is the highlight this Friday (Image: Andrea Piacquadio/Pex)
North American inflation is the highlight of this Friday (27). The Price Index (PCE), which leaves at 9:30 am (Brasília time), should continue pointing towards a benign trajectory, according to economists at BTG Pactual.
The consensus expects a slowdown in consumption at the end, with the expenditure indicator increasing 0.3% in nominal terms and 0.17% in real terms.
On the inflation side, BTG predicts that the PCE deflator will increase 0.13% for the headlinecharacterized by lower deflation of durable goods (-0.05%), given the smaller drop in the automotive sector.
Furthermore, they expect services performance to remain stable (0.21%), but with a change in composition, driven by the acceleration in food services (0.43%) and offset by the slowdown in accommodation (0.29%). and recreational services (0.01%).
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As for the core, the expectation is for slight progress (0.15%), a result that will leave the annualized 6-month moving average close to 2.35%. “This reflects the continued sense of progress referred to by Powell in the post-Fomc press conference last week, which made it possible to drop the committee's projection for core PCE from 2.8% to 2.6% in 2024,” they say.
“If the data comes in line with expectations, we understand that it will continue to support our expectations of a soft landing of the North American economy, with a total of 0.75 pp of interest rate cuts in the last two meetings of the year”, they state
Today, the futures of Wall Street retreat, while international stock markets operate higher. Already the EWZthe main ETF for Brazilian shares traded on the American market, rises in the pre-opening.
Morning Times: Check out the markets this Friday morning (27)
Asian bags
- Tokyo/Nikkei: +2.32%
- Hong Kong/Hang Seng: +3,55%
- China/Shanghai: +2.88%
European stock exchanges (open market)
- Londres/FTSE100: +0,30%
- Paris/CAC 40: +0,27%
- Frankfurt/DAX: +0,54%
Wall Street (futures market)
- S&P 500: -0,12%
- Dow Jones: -0,06%
- Nasdaq: -0,28%
Commodities
- Oil/WTI: -0.09%, at US$ 67.61 per barrel
- Oil/Brent: -0.04%, at US$ 71.57 per barrel
Cryptocurrencies
- Bitcoin (BTC): +3,13%, a US$ 65.862,0
- Ethereum (ETH): +1,79%, a US$ 2.666,71
Happy Friday and keep an eye on Money Times for market news!