A big market is coming tonight! The PCE price index is coming soon!
This data is the data that the Federal Reserve cares about most. It is very important to determine whether there will be a rate cut in September. Lower than expected is a positive, higher than expected is a negative. I think meeting expectations is actually a small positive, because it is also lower than before.
Because the last CPI was a positive beyond expectations, the market also has high hopes for PCE this time, and the probability of a positive is higher. I hope there will be no surprises. Everything goes well tonight! ^-^
