PCE is definitely one of those numbers I don’t want to ignore.
Core PCE is still above the Fed’s 2% target, so the August print could give traders another clue about where inflation is heading.
What interests me most is the reaction after the number drops.
Softer inflation → watch the dollar and Gold.
Hotter inflation → rates could become the bigger story.
Keeping $XAU on my watchlist when the data comes out.
Core PCE is still above the Fed’s 2% target, so the August print could give traders another clue about where inflation is heading.
What interests me most is the reaction after the number drops.
Softer inflation → watch the dollar and Gold.
Hotter inflation → rates could become the bigger story.
Keeping $XAU on my watchlist when the data comes out.
