The US August core PCE price index (year-on-year) was released at 3.0%, well below market expectations of 3.3%, the lowest in half a year since February this year.
As the inflation gauge most closely watched by the Federal Reserve, the cooling in inflation this time exceeded expectations, and the overall data leans dovish. The market has further raised the probability of the Fed cutting interest rates. However, the current inflation level is still some distance away from the Fed’s 2% policy target, so investors should not be overly optimistic.
Next, market attention will shift to the nonfarm payrolls data due Friday evening, which will continue to test the resilience of the US economy and provide more clues for the Fed’s subsequent policy direction.
Fuck you, my 2650 ETH long order didn’t get filled—I’m so pissed off. $ETH
As the inflation gauge most closely watched by the Federal Reserve, the cooling in inflation this time exceeded expectations, and the overall data leans dovish. The market has further raised the probability of the Fed cutting interest rates. However, the current inflation level is still some distance away from the Fed’s 2% policy target, so investors should not be overly optimistic.
Next, market attention will shift to the nonfarm payrolls data due Friday evening, which will continue to test the resilience of the US economy and provide more clues for the Fed’s subsequent policy direction.
Fuck you, my 2650 ETH long order didn’t get filled—I’m so pissed off. $ETH