PCE data released, let's see the results first
US core PCE price index annual rate in August was 2.7%, expected to be 2.70%, previous value was 2.60%
US short-term interest rate futures rose after the release of PCE inflation data, reflecting the market's expectations for further interest rate cuts by the Federal Reserve.
The possibility of a 50 basis point rate cut by the Federal Reserve in November is slightly higher than the possibility of a 25 basis point rate cut
The data release also ushered in a small rebound. As I said before, the bullish sentiment has been too high recently, so beware of dog dealers luring more and cheating
