PCE

The latest January nowcasting estimates suggest a complex macro environment where inflation remains above target, creating high-stakes volatility for front-end rates and currency pairs.

U.S. consumer spending matched 0.5% gains in November as PCE inflation nudged higher to 2.8%, complicating the Fed's 2026 disinflation narrative.

A holiday-shortened week puts US PCE inflation and final Q3 GDP revisions in the spotlight alongside geopolitical headlines from the World Economic Forum.

Uncertainty surrounds the Federal Reserve's preferred inflation gauge as delayed October and November PCE data prepares to hit a rate-sensitive market.