May 31
In terms of macroeconomics, the Federal Reserve released the Beige Book last night. The report showed that consumers resisted price increases, and the market showed a certain degree of pessimism about the prospects of retail spending and employment. This report is not conducive to the market's expectations for the future. Last night, the three major US stock indexes all fell.
The US PCE and core PCE price index data for April will be released at 20:30 tonight. The core PCE is the most favored indicator of the Fed's inflation level in the United States, which will largely determine the Fed's attitude towards monetary policy. The core PCE previous value was 2.8%, and the forecast value was 2.8%. I predict that as long as the data tonight does not exceed expectations, it is likely to form a certain positive stimulus to the market.
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