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Gold close to one-month high after long-awaited US data

US PCE data suggest price pressures are easing, while investors await comments from Fed officials

MSNBC Way Too Early With Jonathan Lemire June 4, 2024 09:42:00

today that s important to the federal reserve. give us a sense of that, will you, arabile? yeah, it s the personal consumption index the preferred method by the fed to look at i if that if that continues to drop down as anticipated, it kind of gives a clear sense for the fed who this week weren t necessarily writing off another hike but weren t saying they re definitely stopping as well, so it could be a case of one and done or could be a case of perhaps they ll look to another there there is thus far a 34% chance they could hike rates again in november where there s a lesser chance of a hike in september. so that pce data as it s called later today, that will be very significant for the fed. all right, cnbc s arabile gumede live from london, we ll talk to you later on. still ahead ukrainian forces have launched a new push against russian lines and are slowly gaining ground in their ongoing counter offensive.

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