The slowdown in US PCE inflation may make the Federal Reserve less aggressive in its interest rate policy.

avatar
ODAILY
07-26
This article is machine translated
Show original
Odaily Odaily News: U.S. stock index futures rebounded to intraday highs on Friday after the Federal Reserve's favorite underlying inflation indicator matched June's expectations, raising optimism that the Fed is making progress on inflation and does not have to remain aggressive on interest rate policy. Data from the U.S. Department of Labor showed that the core PCE index, which excludes volatile food and energy items, rose 0.1% month-on-month in June, in line with expectations. (Jinshi)

Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
Comments