US Department of Commerce to Release Annual Rate for the Core PCE Price Index in May

According to Odaily, the US Department of Commerce is set to announce the annual rate of the May Core PCE Price Index at 20:30 tonight. The market widely anticipates 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. It may or may not be affect the risk market and the cryptocurrency market. The previous data value was 2.8%, and the forecast value is 2.6%. It will be bullish for non-US currencies and bearish for the US dollar if the announced value is lower than the predicted value.

It will be negative for Treasury yields, positive for the risk market, negative for expectations of interest rate hikes, positive for expectations of interest rate cuts, and positive for the cryptocurrency market