Japan Exports to U.S. Rebound in November as Tariff Impact Eases, Boosting BOJ Rate Hike Expectations 
U.S. Dollar Slips Near Two-Month Low as Markets Await Key Jobs Data and Central Bank Decisions 
Asian Stocks Slide as AI Valuation Fears and BOJ Uncertainty Weigh on Markets 
Chinese Robotaxi Stocks Rally as Tesla Boosts Autonomous Driving Optimism 
Bank of Korea Downplays Liquidity’s Role in Weak Won and Housing Price Surge 
Singapore Growth Outlook Brightens for 2025 as Economists Flag AI and Geopolitical Risks 
Asian Technology and Chipmaking Stocks Slide as AI Spending Concerns Shake Markets 
Asian Currencies Slip as Dollar Strengthens; Indian Rupee Rebounds on Intervention Hopes 
Asian Stocks Slide as Central Bank Decisions and Key Data Keep Investors Cautious 
Asian Fund Managers Turn More Optimistic on Growth but Curb Equity Return Expectations: BofA Survey 
South Korea Warns Weak Won Could Push Inflation Higher in 2025 
New Zealand Budget Outlook Shows Prolonged Deficits Despite Economic Recovery Hopes 
Dollar Struggles as Markets Eye Key Central Bank Decisions and Global Rate Outlooks 
Gold and Silver Prices Dip as Markets Await Key U.S. Economic Data 
Silver Prices Hit Record High as Safe-Haven Demand Surges Amid U.S. Economic Uncertainty 
December 2024 PCE Data to be Released Today
The US Personal Consumption Expenditures Price Index data for December 2024 is expected to be published today, January 31, 2025. This will give the critical inflation trend and consumer spending in the US economy. As a leading indicator, the PCE index is always looked forward to by investors and analysts to judge the economic forecast.
Recent PCE Trends
The PCE Price Index, in November 2024, was only up a small 0.1% month-to-month, falling short of its estimated value of 0.2%, which would have been the smallest increase in six months. This was also seen in the core PCE index price index that doesn't consider food and energy inflation registered at 0.1%. Annual figures showed that the headline PCE saw its inflation rise to 2.4%, while the core, at 2.8%, remained unchanged but both were under expectations.
Economic Environment and Future Predictions
For the next month, economists predict a 0.2% growth in the headline and core PCE indices, which may have some stabilizing effects on inflation rates. For the year-on-year core PCE inflation, it is anticipated to be 2.8%. The Federal Reserve has hiked its estimate for PCE inflation in 2025 from 2.1% to 2.5%, following the current trend of the economy. This release is going to be important for market sentiment and can influence future interest rate policies.
