United States Baker Hughes US Oil Rig Count declined to 484 from previous 488

Sep 27, 2024

What just happened: What is PCE inflation, and why does it matter?

August’s US Personal Consumption Expenditure Price Index (PCE), or PCEPI as the US Federal Reserve (Fed) refers to it, clocked in at an annualized rate of 2.2% YoY on September 27, the lowest print of the key inflation metric since March of 2021.

Mexican Peso drops as Banxico cut, US PCE data weighs on currency

The Mexican peso lost steam on Friday against the US Dollar after inflation data in the United States (US) edged lower and failed to underpin the Mexican currency.