At 8:30 tonight, the annual rate of the U.S. core PCE price index in April will be announced. This data is also the focus of the Federal Reserve. It pays more attention than the CPI. Price levels lower than expected will be conducive to interest rate cuts. On the contrary, if the price level is too high, Interest rate cut will be delayed: Let’s analyze it:
The current value is 2.8%, and the expected value is 2.8%. If the value is less than or equal to the expected value, it is good, otherwise it is bad!
If it is announced that it is 2.7%, it will be good, but it is unlikely, and it will directly hit the 72,000 area!
On the contrary, it is 2.8%, which is in line with expectations. The fluctuations will increase, but there will not be excessive rises and falls. The reference range is 67000-70000!
Then there is the unexpected 2.9%, which is negative and may return to the 66,000 area, directly affecting the weekend trend!
For reference, everyone, I am bullish tonight!