Commodity markets to focus on US consumer spending, labour reports next week

US Core PCE is expected to remain unchanged at 0.3 percent MoM and 4.3 percent YoY for April. If it is unexpectedly high, it may prompt the Fed to keep interest rates higher for a longer time, leading to an upside in the dollar which will weigh on commodities

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​ US Core PCE is expected to remain unchanged at 0.3 percent MoM and 4.3 percent YoY for April. If it is unexpectedly high, it may prompt the Fed to keep interest rates higher for a longer time, leading to an upside in the dollar which will weigh on commodities US Core PCE is expected to remain unchanged at 0.3 percent MoM and 4.3 percent YoY for April. If it is unexpectedly high, it may prompt the Fed to keep interest rates higher for a longer time, leading to an upside in the dollar which will weigh on commodities  Moneycontrol Latest News Read More