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US consumer spending was restrained by automobile purchases, and monthly inflation slowed, with the core PCE price index up 3.6% over the 12 months through July. The monthly gain was the smallest in five months.
Slowing monthly inflation eases pressure for an early Fed tightening, which can weigh on the dollar and support commodities. The annual rate remains elevated, so inflation-linked cost pressures on feed remain in place.
reuters.comLucia MutikaniAug 27, 2021After 4,478 past macro events, US Dollar (Broad) moved a median +0.0% over 5 sessions (51% higher; middle half -0.4% to +0.5%), and +0.1% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
