At 20:30 Beijing time, the annual rate data of the core PCE in May in the United States will be released. The previous value was 2.8%, the market forecast was 2.6%, and the Cleveland Fed was 2.56%. The CPI and PPI data in May were both good, so the probability of meeting (better than) market expectations is still very high. If I remember correctly, the core PCE was predicted to be 2.8% by the end of the year in Powell's last speech, so if it can be stabilized at 2.6% or even lower, it will be helpful for the Fed to consider cutting interest rates once more.

In other words, if the annual rate data of the core PCE tonight meets expectations or is better than expected, it will be helpful for the sentiment of investors in the risk market. However, the financial data is 100%, but the probability of positive is relatively higher.

Last night, the overnight reverse repurchase returned to 500 billion US dollars. It seems that there is also pressure in the market. : If the core PCE data is not good, there is no need to say more. The market sentiment was not very good. It was pulled up once yesterday based on the information of SOL spot ETF, and now it has also adjusted back a little. It can also see how the current market sentiment is.

I don't suggest that core PCE will definitely rise if it is good, because there are too many financial market consulting services and the losses in this area have reached too much, but it can be expected that the lower the core PCE data, the greater the help to user sentiment and the higher the help to price increases.

After the core PCE, there is also a one-year loan expectation of the University of Michigan. I want this data to be lower, but it is also what the Federal Reserve will look at. The previous value was 3.3% and the expected value was 3.2%. If it is less than or equal to the expected value, it will definitely be icing on the cake. #VanEck提交首个SolanaETF #Meme板块普涨