IMF Deputy Dan Katz Visits China as Key Economic Review Nears 
Asia’s IPO Market Set for Strong Growth as China and India Drive Investor Diversification 
Oil Prices Rise as Ukraine Targets Russian Energy Infrastructure 
European Stocks Rise as Markets Await Key U.S. Inflation Data 
Europe Confronts Rising Competitive Pressure as China Accelerates Export-Led Growth 
Japan’s Nikkei Drops as Markets Await Key U.S. Inflation Data 
Dollar Slides to Five-Week Low as Asian Stocks Struggle and Markets Bet on Fed Rate Cut 
Australia’s Economic Growth Slows in Q3 Despite Strong Investment Activity 
Asian Markets Stabilize as Wall Street Rebounds and Rate Concerns Ease 
China Urged to Prioritize Economy Over Territorial Ambitions, Says Taiwan’s President Lai 
Dollar Weakens Ahead of Expected Federal Reserve Rate Cut 
Gold Prices Steady as Markets Await Key U.S. Data and Expected Fed Rate Cut 
U.S. Futures Steady as Rate-Cut Bets Rise on Soft Labor Data 
BOJ Faces Pressure for Clarity, but Neutral Rate Estimates Likely to Stay Vague 
Asian Currencies Steady as Rupee Hits Record Low Amid Fed Rate Cut Bets 
RBI Cuts Repo Rate to 5.25% as Inflation Cools and Growth Outlook Strengthens 
China’s Services Sector Posts Slowest Growth in Five Months as Demand Softens 
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.
