The U.S. Department of Commerce will release the annual rate of the U.S. core PCE price index in May at 20:30 tonight

According to TechFlow, XT reminds you to pay attention to macro data. At 20:30 pm on June 28, 2024 Singapore time, the U.S. Department of Commerce will announce the annual rate of the U.S. core PCE price index in May.

Expected impact: The market generally expects that the impact of the US core PCE data will be transmitted to the US dollar index, US Treasury yields and interest rate cut expectations, and may be transmitted to risk markets and cryptocurrency markets.

Data impact: The previous value of the data was 2.8% and the predicted value was 2.6%.

If the published value < expected value, for example: the annual rate of the US core PCE price index in May is 2.5% < predicted value 2.6% < previous value 2.8%, then it is bearish for the US dollar and bullish for non-US currencies. It is bearish for Treasury yields. It is bullish for expectations of rate cuts and bearish for expectations of rate hikes. It is bullish for risk markets and bullish for cryptocurrency markets.

*Not intended as investment advice