THE FED'S PCE DATA WILL BE RELEASED TODAY, AND THE MARKET WILL FOCUS ON INFLATIONARY PRESSURES

MARKET INTEREST IN PCE DATA FOR THE FEDERAL RESERVE ' S PREFERRED INFLATION INDICATOR WILL BE RELEASED TODAY AT 8.30 A.M. EASTERN TIME. OVERALL PCE INFLATION IS EXPECTED TO DROP TO 3.6 PER CENT, WHILE CORE INFLATION IS EXPECTED TO REMAIN UNCHANGED AT 3.3 PER CENT. IF THE DATA FALL SHORT OF EXPECTATIONS, IT MAY INCREASE THE MARKET ' S EXPECTATIONS OF MAINTAINING INTEREST RATES AT THE FED, THEREBY SUPPORTING THE REBOUND OF STOCKS, GOLD AND ENCRYPTED CURRENCIES, AND IF THE DATA ARE HIGHER THAN EXPECTED, IT MAY RAISE INTEREST RATE CONCERNS AND PERPETUATE MARKET CORRECTIONS. THE DATA WILL ALSO SET THE TONE FOR THE STATEMENT MADE BY FEDERAL RESERVE CHAIRMAN KEVIN WALSH AT JACKSON HALL ON FRIDAY。