The recent economic data could send the interest rate outlook in US down further

The greenback came under pressure across the broad, after Jan US PCE came to show rising by only 0.2% year on year which is the weakest rising pace since October2009, Due to the falling of the energy prices and the greenback strength.

This dovish weak pace only can be enough to rule out any hiking chance in the first half of this year, as the hiking can send the greenback higher driving this rate into the negative territory which is not welcomed stance, while the other advanced economies are fighting for raising their inflation rates up.

While the pace of recovery is abating as what has been seen recently by the release of US Q4 GDP which has shown growth by only 2.2%, after the flash reading has shown growth by 2.6% following growth by 5% in the third quarter of the past year.

The consuming spending has fallen also by 0.2% while the market was waiting for inching down by 0.1%, after rising by 0.3% in December with yearly rising of the personal income by 0.3% as the same as last December while the foreseen was rising by 0.4%.

We have seen also by the end of last week that Feb Chicago PMI has fallen to the lowest level since July 2009 to 45.8 in February, after December US factory orders has dropped by 3.4% in December.

Feb US Manufacturing index came also today to show continued worrying falling for the fifth month in row reaching 52.9 in February, while the market was waiting for53.1 from 53.5 in January.

The US housing sector has sent also its dovish signal by falling of the construction spending in January by 1.1%, while the consensus was rising by 0.3%, after increasing by0.8% in January.

These figures can bother the greenback buying attitude which has continued in the last 8 months.