economic outlook<\/a> improves the Kiwi dollar\u2019s prospects.<\/p>\nDoubts over the Fed beginning to reduce interest rates from their current levels in September deepened after the US Personal Consumption Expenditure Price Index (PCE) report for August showed that price pressures were stubbornly elevated. The core PCE inflation, which strips off volatile food and energy items and is the Fed\u2019s preferred inflation gauge, grew steadily by 2.8%. However, on a month-on-month basis, the underlying inflation data rose at a slower pace of 0.2% from the estimates and the former reading of 0.3%. The growth rate was consistent with the pace required for inflation to sustainably return to the 2% target.<\/p>\n
In today\u2019s session, investors will shift focus to the US ISM Manufacturing PMI data for May, which will be published at 14:00 GMT. The PMI is estimated to have improved to 49.8 from the former reading of 49.2. However, a figure below the 50.0 threshold is considered a contraction.<\/p>\n
\u00a0<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"
NZD\/USD consolidates around 0.6150 with a focus on US Manufacturing PMI. China\u2019s upbeat Manufacturing PMI data improves global economic outlook. The Fed is less-likely to start reducing interest rates from the September meeting. The NZD\/USD pair is stuck in a tight range near 0.6150 in Monday\u2019s Asian session. The Kiwi asset trades inside Friday\u2019s trading […]<\/p>\n","protected":false},"author":2,"featured_media":16080,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,257,366,255,388,250,715,252,1063,247,253,385,249,256,254],"class_list":["post-315482","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-fed","tag-gta","tag-inflation","tag-looks-rare","tag-nzdusd","tag-oracle","tag-pmi","tag-polygon","tag-quickswap","tag-riskappetite","tag-safe-moon","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/315482","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=315482"}],"version-history":[{"count":3,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/315482\/revisions"}],"predecessor-version":[{"id":315486,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/315482\/revisions\/315486"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/16080"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=315482"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=315482"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=315482"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}