There is a very strange data on Friday, and everyone needs to be alert. It is the US PCE price index at 8:30 pm this Friday.
The market expectations for both PCE and core PCE increased by 0.1% compared with the previous value, which is quite strange. If the inflation data resurfaces, the Fed's interest rate cut may not be that large.
However, I think the probability of this data being lower than expected is still very high. After all, interest rates are high now, and the job market is also continuing to cool down, so there doesn't seem to be much reason for inflation to recur.
If there is a problem, it must be due to the recent rebound in oil prices, so we still need to pay attention to this data on Friday.
