PCE data will be released tonight. Is the Fed's September rate cut stable?

The core PCE price index, the Fed's preferred inflation indicator, will be released at 20:30 tonight. The market expects the year-on-year growth rate to hit a new low

The IMF lowered the US economic growth rate this year to 2.6%, expecting its PCE to return to the 2% target by mid-2025, and said that the Fed should wait until at least the end of 2024 to lower the policy rate.

It is one of the economic indicators showing US price trends, and both the rest market and the core market are expected to slow down

According to forecasts, expectations for a September rate cut may increase further, which may trigger major market fluctuations

If the data release value is greater than the expected value, it is good for the US dollar, otherwise it is bad

The current market expectation is 2.6%. If the release value is greater than 2.6%, it is good for the US dollar and bad for cryptocurrencies. If the expected value is less than 2.6%, it is bad for the US dollar and good for cryptocurrencies!

It is expected that the volatility will be relatively large in the evening, so it is recommended to do a good job of risk control! #美国PCE数据将公布 #美联储何时降息？ #