🔥PCE price index is not important❓
Should we care about these indexes?
Yesterday I said that the number of unemployment benefits will be announced in the evening, and there will be market fluctuations at 8.30. As a result, some friends said that this is useless and there is no need to watch it. As a result, the market was up and down at 8.30. I don’t know how many friends with contracts were liquidated or stopped at that time.
❗Tonight at 8.30❗ will announce the core PCE price index for May. This index reflects the level of residents’ consumption, whether prices have increased, and whether inflation is serious. These indexes will eventually affect the point we care about most, interest rate cuts❗
The previous value was 2.8, and the expected value was 2.6. The current market and expectations are biased towards positive.
If the index is lower than expected, it means that inflation has weakened, and the central bank will relax monetary policy. The positive news will directly reflect the market to rise, but these are short-term triggers. The real engine of the bull market is still ETFs and the moment of interest rate cuts.
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