PU Prime App
Exclusive deals on mobile
Hold The Global Markets In Your Hands
Our trading mobile app is compatible with most smart devices. Download the App now and start trading with PU Prime on any device, anytime and anywhere.
In April, U.S. consumer prices saw a smaller-than-expected increase, registering at 0.3% compared to the previous 0.4%. This suggests that inflation started to decrease once more at the beginning of the second quarter. As the economy appears to be slowing down and consumer spending is decelerating, upcoming data is expected to further indicate this ongoing cooling phase.
In May, the Federal Reserve decided unanimously to maintain policy rates for the sixth consecutive time, keeping the federal funds target rate at 5.50%, in line with expectations. The Fed described an uncertain outlook for rate cuts in 2024. Although several key U.S. data indicated a cooling economy, the Federal Open Market Committee (FOMC) is unlikely to adjust rates at its upcoming meeting, given its perception of the economy as broadly robust. Currently, the probability of an interest rate cut on June 12 is just 0.1% according to the CME’s FedWatch Tool, which assesses the probable trajectory for short-term rates based on fixed income markets.
In April, the U.S producer price index, which gauges what producers receive for their goods, rose by 0.5%, marking a 2.2% increase over the past 12 months, the largest rise in a year. However, with March’s figures revised from a 0.2% gain to a 0.1% decline, the situation might not be as dire as it appears, as the significant increase in producer price inflation in April was largely attributed to downward revisions in earlier months. The forthcoming data is anticipated to provide some relief.
In April, U.S. job growth slowed more than expected, with nonfarm payrolls increasing by just 175,000 jobs, compared to 315,000 in the previous month. This represents the slowest job growth in six months and falls short of expectations. With the labor market shows signs of cooling and the balance between the supply and demand for U.S. workers improves, it is likely that upcoming reports will continue to reflect slow growth.
Trade forex, indices, metal, and more at industry-low spreads and lightning-fast execution.
Sign up for a PU Prime Live Account with our hassle-free process.
Effortlessly fund your account with a wide range of channels and accepted currencies.
Access hundreds of instruments under market-leading trading conditions.
Please note the Website is intended for individuals residing in jurisdictions where accessing the Website is permitted by law.
Please note that PU Prime and its affiliated entities are neither established nor operating in your home jurisdiction.
By clicking the "Acknowledge" button, you confirm that you are entering this website solely based on your initiative and not as a result of any specific marketing outreach. You wish to obtain information from this website which is provided on reverse solicitation in accordance with the laws of your home jurisdiction.
Thank You for Your Acknowledgement!
Ten en cuenta que el sitio web está destinado a personas que residen en jurisdicciones donde el acceso al sitio web está permitido por la ley.
Ten en cuenta que PU Prime y sus entidades afiliadas no están establecidas ni operan en tu jurisdicción de origen.
Al hacer clic en el botón "Aceptar", confirmas que estás ingresando a este sitio web por tu propia iniciativa y no como resultado de ningún esfuerzo de marketing específico. Deseas obtener información de este sitio web que se proporciona mediante solicitud inversa de acuerdo con las leyes de tu jurisdicción de origen.
Thank You for Your Acknowledgement!