Analyst: Core PCE Data Will Influence the Federal Reserve's Monetary Policy Path
According to ChainCatcher, citing Jinse Finance, the US dollar exchange rate fell ahead of the release of the US Personal Consumption Expenditures (PCE) data, the Federal Reserve's preferred inflation indicator. Emma Wall from Hargreaves Lansdown stated that the core PCE data will be particularly important ahead of the Federal Reserve's December meeting. If the inflation data is higher than expected, the Federal Reserve may keep interest rates unchanged; if the data meets or falls below expectations, it will pave the way for another rate cut.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
CertiK: USPD contract attack resulted in a loss of approximately $1 million, with the entire attack lasting 2 months
Pundi AI partners with Assemble AI: Creating verifiable crypto intelligence for 1.6 million users
A whale has staked 24,000 ETH held for 5 months, currently with an unrealized profit of $15.2 million.
