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qinbafrank
a day ago
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The PCE data released last night pulled the market back again. As mentioned before, it really played the role of the non-manufacturing PMI data on August 5. The core logic is: Powell's hawkish remarks at the interest rate meeting scared the market. Everyone was worried that the interest rate cut would be suspended after this time, but Powell did not say it firmly. We still have to wait and see the data. Since the PCE in November was lower than expected, especially the core PCE was 0.1% lower than expected on a month-on-month basis, which was much lower than the previous value, the cooling trend continued. Then the market

qinbafrank
@qinbafrank
2 days ago
今晚PCE及核心PCE数据都低于预期,特别是核心pce月率0.1%远低于前值的0.3%,能部分打消市场对于通胀持续反弹的担忧。想起来8月5号晚上八点半的ISM非制造业数据了,当时高于前值和预期的pmi数据把当天风雨飘摇的市场给拉回来。 x.com/qinbafrank/sta…
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