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

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)