📢 BREAKING NEWS 📢
Major Economic Announcement Imminent!
In just 30 minutes, the United States is set to release its May Personal Consumption Expenditures (PCE) data, a key inflation indicator closely monitored by the Federal Open Market Committee (FOMC). This data could be a game-changer for the current bear market, as it might signal favorable inflation trends.
Key Predictions:
Overall PCE Growth Rate: Expected to remain unchanged month-on-month, a first in 23 years.
Core PCE Growth Rate: Projected to show its lowest year-on-year growth since March 2021, when it first exceeded the FOMC's 2% target.
Personal Income: Forecasted to rise by 0.4% month-on-month.
Consumer Expenditure: Expected to increase by 0.3% month-on-month.
If these forecasts hold true, it will be a significant milestone in the US's battle against inflation. Stay tuned for updates on this crucial economic indicator.
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