Midweek trading ideas: US PCE data could stoke inflation fears

CMC Markets1 month ago11:48

Wednesday, 27 May 2026: The headline macroeconomic event this week comes on Thursday, with the latest release of the US personal consumption expenditures (PCE) price index, the Fed's preferred inflation gauge. Economists estimate that the index rose 3.8% in the year to April, up from 3.5% in March, driven primarily by rising energy prices. The core measure, which excludes volatile food and energy prices, is expected to be up 3.3%, versus 3.2% a month earlier. Ther report could reinforce expectations that the Federal Reserve may maintain its higher-for-longer narrative on interest rates. Meanwhile, markets remain sensitive to oil price volatility as a result of the Iran war, though major indices such as the S&P 500 and Nasdaq continue to rally, buoyed by tech stocks. Website: http://www.cmcmarkets.com/en-gb/ 📺 Get the latest daily analysis on key markets such as US 30, UK 100, Germany 30, Japan 225, USD/JPY, EUR/USD, GBP/USD, Brent and West Texas Crude Oil and Gold via our CMC TV playlist. CMC Markets is a global leader in online trading, offering spread betting and contracts for difference (CFDs). Learn how to spread bet and trade CFDs with our trading strategy videos. CMC Markets offers trading on thousands of financial markets including forex, indices, commodities, shares and treasuries. ➡️ Subscribe and don't miss another update! https://www.youtube.com/channel/UC_Q-HdXuWScFretXS7GfEjw?sub_confirmation=1 Follow us: X (Twitter): https://twitter.com/CMCMarkets LinkedIn: https://www.linkedin.com/company/cmc-markets/ Facebook: https://www.facebook.com/cmcmarkets.uk Follow Michael Kramer: X (Twitter): @MichaelMOTTCM YouTube: @Themarketchronicles This video is for general information only and is not intended to provide trading or investment advice or personal recommendations. Any information relating to past performance of an investment does not necessarily guarantee future performance. CMC shall not be responsible for any loss that you incur, either directly or indirectly, arising from any investment based on any information in this video. Please remember spread betting and trading CFDs carries significant risks and may not be suitable for all investors.