Kyle Rodda, Senior Market Analyst at Capital.com, said that the PCE Price Index, which will be released on Friday, will be the next test for the market and can be considered the highlight of this week’s trading. Rodda said, ‘There are concerns about the current consensus expectations for the PCE index, which carry upside risks.’ ‘While a moderate upside surprise may not necessarily disrupt the process of inflation returning to its target, it could affect the expected timing of the first rate cut by the Fed and the number of rate cuts that may occur in the next six months. This could have an impact on the market when sentiment is already somewhat cautious.’
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Analystes : Les données sur la consommation personnelle aux États-Unis pourraient avoir un impact surprenant sur le marché
Kyle Rodda, Senior Market Analyst at Capital.com, said that the PCE Price Index, which will be released on Friday, will be the next test for the market and can be considered the highlight of this week’s trading. Rodda said, ‘There are concerns about the current consensus expectations for the PCE index, which carry upside risks.’ ‘While a moderate upside surprise may not necessarily disrupt the process of inflation returning to its target, it could affect the expected timing of the first rate cut by the Fed and the number of rate cuts that may occur in the next six months. This could have an impact on the market when sentiment is already somewhat cautious.’