Although the latest personal consumption expenditure (PCE) data met expectations, the market failed to react positively as expected, which can be explained as follows:

Seema Shah, chief global strategist at Principal Asset Management, pointed out that the PCE data released on Friday was a relief because the data met expectations, which was also a good signal for the Federal Reserve. However, despite the slowdown in inflation and more signs of a weak job market, the policy path remains unclear. This uncertainty prevents the market from moving in the expected direction in a consistent manner.

Specifically, although government spending in May increased by 8.5% year-on-year, slightly higher than the previous 8.4%, it was still lower than the historical high of 8.9%. At the same time, the growth rate of private sector spending rose to 4.5% from 4.2% in April. These data show that despite the increase in spending, the market is not optimistic about the continued performance of the job market, which may be one of the reasons for the conservative market reaction. The layout is ongoing, check the homepage to find me! Welcome everyone to participate actively and witness the moment of miracle together

Overall, although the data met expectations, the market's reaction was affected by many factors, including policy uncertainty and concerns about the job market. This situation suggests that investors may need more data and clear policy signals before making decisions.

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