{"id":383830,"date":"2025-08-30T00:53:12","date_gmt":"2025-08-30T00:53:12","guid":{"rendered":"https:\/\/www.europesays.com\/uk\/383830\/"},"modified":"2025-08-30T00:53:12","modified_gmt":"2025-08-30T00:53:12","slug":"ftse-100-and-us-stocks-lower-as-us-inflation-data-holds-steady","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/uk\/383830\/","title":{"rendered":"FTSE 100 and US stocks lower as US inflation data holds steady"},"content":{"rendered":"\n<p class=\"yf-1090901\">The pound edged 0.3% lower against the dollar (<a data-i13n=\"cpos:1;pos:1\" href=\"https:\/\/uk.finance.yahoo.com\/quote\/GBPUSD=X\/\" data-ylk=\"slk:GBPUSD=X;cpos:1;pos:1;elm:context_link;itc:0;sec:content-canvas\" class=\"link \" target=\"_blank\" rel=\"noopener\">GBPUSD=X<\/a>) on Friday morning, to trade at $1.3462, as the greenback strengthened ahead of US inflation data, due out later in the day.<\/p>\n<p class=\"yf-1090901\">The US dollar index (<a data-i13n=\"cpos:2;pos:1\" href=\"https:\/\/uk.finance.yahoo.com\/quote\/DX-Y.NYB\" data-ylk=\"slk:DX-Y.NYB;cpos:2;pos:1;elm:context_link;itc:0;sec:content-canvas\" class=\"link \" target=\"_blank\" rel=\"noopener\">DX-Y.NYB<\/a>), which tracks the greenback against a basket of six currencies, rose 0.2% to 97.98.<\/p>\n<p class=\"yf-1090901\">July&#8217;s personal consumption expenditures (PCE) price index is due out at 8.30am EDT (1.30pm BST) on Friday.<\/p>\n<p class=\"yf-1090901\">Derren Nathan, head of equity research at Hargreaves Lansdown, said: &#8220;Markets are pricing in around a high probability of a cut by the Fed next month, and today\u2019s PCE inflation numbers will be a key data point for monetary policy setters.&#8221;<\/p>\n<p class=\"yf-1090901\">He said that core PCE in July is expected to have risen from 2.8% to 2.9% on an annualised basis, which would still be ahead of the Federal Reserve&#8217;s 2% target.<\/p>\n<p class=\"yf-1090901\">&#8220;Markets are keeping a close eye on the impact of tariffs on the prices of goods and services,&#8221; said Nathan. &#8220;If inflation comes in hotter than expected, the path towards a drop in US borrowing costs in December will become a little less clear.&#8221;<\/p>\n","protected":false},"excerpt":{"rendered":"The pound edged 0.3% lower against the dollar (GBPUSD=X) on Friday morning, to trade at $1.3462, as the&hellip;\n","protected":false},"author":2,"featured_media":383831,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3090],"tags":[51,21804,1700,1880,133188,128254,78024,16,133189,15,54807],"class_list":{"0":"post-383830","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-business","9":"tag-christopher-waller","10":"tag-economy","11":"tag-ftse-100","12":"tag-inflation-gauge","13":"tag-jackson-hole","14":"tag-the-federal-reserve","15":"tag-uk","16":"tag-underlying-inflation","17":"tag-united-kingdom","18":"tag-us-commerce-department"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/115114986976736535","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/383830","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=383830"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/383830\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/383831"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=383830"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=383830"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=383830"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}