Real Vision: Finance & Investing U.S. Core PCE Inflation, ECB Rate Cut Prospects, and Gold’s Record Highs: PALvatar Market Recap, March 28 2025
Mar 28, 2025
Explore the latest U.S. core PCE inflation data that has raised questions about upcoming Fed rate cuts. Discover how weaker inflation figures in Europe may prompt the ECB to ease further. Dive into the remarkable surge in gold prices as investors flock to safe havens amid rising economic uncertainty. Stay informed with key insights that could shape your trading and investing strategies!
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Persistent US Inflation
- US core PCE inflation rose to 2.8% year over year, exceeding expectations.
- This persistent inflation makes near-term Fed rate cuts less likely.
ECB Rate Cut Prospects
- Weaker inflation in France and Spain, coupled with rising German unemployment, may lead to ECB rate cuts.
- France's inflation held steady, while Spain's decreased, both below expectations.
Gold's Record Highs
- Gold hit record highs as investors seek safe havens amid economic uncertainty.
- Concerns about upcoming US tariffs and rising inflation are driving gold's surge.